Sunday, May 31, 2015Sunday, May 31, 2015

France's Hollande threatens nationalisation in Mittal row

Published on Nov 28, 2012 6:16 AM

PARIS (AFP) - French President Francois Hollande threatened on Tuesday to nationalise a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which a minister has said the multinational is no longer welcome in the country.

Moments before talks with steel tycoon Lakshmi Mittal, Hollande said that nationalising ArcelorMittal's plant in northeastern France remained on the table.

"The nationalisation is part of the subjects of the discussion," Mr Hollande said.

The talks lasted an hour, a French official said, with Mittal entering and leaving Mr Hollande's Elysee Palace discreetly.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!