Lakshmi Mittal

Trivia

• Recently, Lakshmi Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton.
• Lakshmi Mittal is a non-resident Indian residing in the United Kingdom for over 14 years. Because of this, he has been included on many unofficial Wealth-indicative lists as the richest man in the United Kingdom, when in actuality, the List held by the UK and Channel Island Treasury Authority lists no mention of name "Lakshmi (or derivatives) Mittal."
• In exchange for Blair's support Mittal, already a Labour contributor, donated £125,000 more to Labour party funds a week after the 2001 UK General Elections, while as many as six thousand Welsh steelworkers were laid off that same year, Price and others pointed out.
• Lakshmi Mittal's LNM steel company, registered in the Dutch Antilles and maintaining less than 1% of its 100,000 plus workforce in the UK, sought Blair's aid in its bid to purchase Romania's state steel industry.
• In 1994, due to differences with his father, mother and brothers, Lakshmi Mittal branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family.Lakshmi Mittal's family never spoke publicly about the reasons for the split.
• Lakshmi Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, he set out to establish its international division, beginning with the buying of a run-down plant in Indonesia.

Quotes

• “It is true that we are interested in scale but there are very sound reasons for this.”
• “I am confident we will win, I am not even thinking beyond that. I am sure shareholders will make the right decision because they like this (consolidation) in the steel industry.”
• “The danger, though - and there have been signs of this recently - is that Europe begins to demonstrate a return to more nationalist sentiment. To my mind, that would be a great mistake.”
• “I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.”
• “I am very confident that we will be able to convince all the stakeholders - the shareholders, the governments and the employees, that this is in their best interests.”
• “At the end of the day you have to keep emotions away.”
• “We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.”
• “We are pleased with the very positive reception our offer has received, and are confident that progress is being made towards establishing the regulatory framework for the offer.”
• “It's difficult for them to do a deal at these levels.”
• “I am sure all politicians will be convinced of the merits of this deal.”