Close to taking over ArcelorMittal unit, no plans to resell: Kazakhstan

Kazakhstan's government is close to finalising the takeover of ArcelorMittal's local unit and has no plans to resell it to foreign investors afterwards, Kazakh Industry Minister Kanat Sharlapayev said on Tuesday.
 

Sharlapayev told reporters the government would not spend money from the budget on the deal, but did not say how much Kazakhstan was going to pay for the Temirtau steel mill or how it would finance the takeover.