Rags to riches
The contract between ArcelorMittal and RAG, the
‘The sale of the gas distribution unit is a systematic step in the realignment of RAG Beteiligungs. This completes the refocusing of the Energy Business Area in particular to power generation from coal-fired power stations and renewable energies,’ said Dr Werner Müller, CEO of RAG.
The acquisition will also add to ArcelorMittal’s 20 per cent stake in Soteg, the
In the financial year of 2006, Saar Ferngas reported sales of €1.492bn with earnings before tax and interest of €50m in the areas of trade and shareholdings in other entities.