World's largest steel maker ArcelorMittal today said it has acquired a 14.9 per cent stake in Australia's Macarthur Coal Limited for about $604.8 million.


</p><tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The steel maker bought about 31.6 million shares in Macarthur Coal, the firm said in a statement.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>It included 9.05 million company shares acquired from Talbot Group Holdings and another 22.09 million shares from Tinkler Investments.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The share purchases were conducted through open market transactions between April 24 and May 21. Macarthur's main product is low volatile pulverised coal injection coal used in steel production.</P></p></table>


ArcelorMittal buys 14.9% stake in Macarthur

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