ArcelorMittal in €1.2 Billion Share Buy Back

February 19, 2008

Cleary Gottlieb represented ArcelorMittal in its acquisition of 25 million shares from Carlo Tassara International SA under its share buy-back program. The shares were repurchased at a price of €46.60 per share for a total amount of €1.2 billion on February 19.

ArcelorMittal is the world’s number one steel company, with 310,000 employees in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker.