Skip to content
Subscriber Only

Hollande Presents Mittal Nationalization Among Site Options

President Francois Hollande presented options to ArcelorMittal Chief Executive Officer Lakshmi Mittal to save jobs at a French plant of the world’s largest steelmaker, including its nationalization.

Hollande, who met with Mittal for an hour at the Elysee presidential palace in Paris late yesterday, said in an e-mailed statement that he asked Mittal to pursue discussions with the government until the Dec. 1 deadline given to the company to find a buyer for the site at Florange in north-eastern France. The statement didn’t say what options were discussed.