A statement to the London Stock Exchange said: "Shareholders should be aware that there is currently no indication at this stage that a formal offer will be made for the company as a whole, but discussions are continuing with
GIHL which may or may not lead to a cash offer being made for the the company in due course."
The Mittal deal was the subject of rival bids by the large mining firms Global Infrastructural Holdings Limited (
GIHL), BHP Billington and Real Tito, and its ratification was contested legally and in parliament.
(14.) Torsten
Gihl, Sverige och vastmakterna under Karl X Gustafs andra krig reed Danmark (Uppsala: K.M.