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Mittal brothers deny rumours of rift
Tuesday, 15 April 2008, 07:37 Hrs
London: Lakshmi Mittal, owner of the world's largest steel company, and his younger brother Pramod Mittal have denied rumours of a family feud, the Sunday Times reported.
The paper said Lakshmi Mittal, chairman of ArcelorMittal, is bidding to buy an ailing Bulgarian steel plant owned by his brother at a price that is lower than what Pramod Mittal expects.
A spokeswoman for ArcelorMittal confirmed that the company was interested in buying the Bulgarian plant - Kemikovtzi Steel - but said: "Mr Mittal has a very good relationship with his brother", adding that any suggestions of rivalry were "harsh and untrue".
Pramod Mittal told the paper: "We're family, there's nothing to discuss. We're not fighting, but it's our private life."
Source: IANS
The paper said Lakshmi Mittal, chairman of ArcelorMittal, is bidding to buy an ailing Bulgarian steel plant owned by his brother at a price that is lower than what Pramod Mittal expects.
A spokeswoman for ArcelorMittal confirmed that the company was interested in buying the Bulgarian plant - Kemikovtzi Steel - but said: "Mr Mittal has a very good relationship with his brother", adding that any suggestions of rivalry were "harsh and untrue".
Pramod Mittal told the paper: "We're family, there's nothing to discuss. We're not fighting, but it's our private life."
Source: IANS
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