ArcelorMittal: A Steely Business in Ukraine
In 2004, Mittal Steel decided that they wanted to buy the Ukrainian state-owned steel giant Kryvorizhstal, so they turned to PBN Hill+Knowlton Strategies for public affairs and financial communications advisory services.
In one of Ukraine's most transparent privatizations, Mittal Steel bought the asset for $4.7 billion in 2005. In 2010, we were called on again by now ArcelorMittal to helped resolve a conflict situation for the plant involving a potential re-privatization initiated by state prosecutors and prompted by a local competitor. PBN H+K Strategies worked with a team of international lobbyists to settle the potential crisis during a bilateral meeting between the Presidents of Ukraine Viktor Yanukovych and France Nicolas Sarkozy.