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<a href="http://www.accessmylibrary.com/article-1G1-120304548/recovery-spurs-arcelor-sell.html" title="Facts and information about Recovery Spurs Arcelor to Sell Part of 94 Percent Stake in Thainox Steel.">Recovery Spurs Arcelor to Sell Part of 94 Percent Stake in Thainox Steel.</a>
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Recovery Spurs Arcelor to Sell Part of 94 Percent Stake in Thainox Steel.
Byline: Charoen Kittikanya
Jul. 4--Arcelor, the parent company of Thainox Steel, is planning to sell part of its stake in the local affiliate in light of the country's economic recovery and growing demand for stainless steel.
"If you take a giant foreign firm like Arcelor, you don't need to own up to 93-94 percent in just one local company," said Jean Paul Thevenin, chief executive officer of Thainox Steel.
"We believe that it's much better if new investors, particularly Thais who know the local market well, have a greater stake in Thainox and help manage it effectively."
Thainox began as as a joint venture among Thai, French, Italian ...
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Source: HighBeam Research, Recovery Spurs Arcelor to Sell Part of 94 Percent Stake in Thainox...