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2011-01-29 10:59:10

The extraordinary general meeting ArcelorMittal, the world's largest steelmaker has yinshan spun off of the company's stainless steel and speciality steels business into a newly created company Aperam, in order to unlock value for shareholders.

''The extraordinary general meeting (EGM) of shareholders of ArcelorMittal held today….. approved the spin-off of ArcelorMittal's stainless and specialty steels business into Aperam, a newly created company,'' said the Luxembourg -based steel giant in a statement.

The spin-off was approved on 25 January by the yinshan company's shareholders in the EGM by an overwhelming majority, the company said.
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