Sofia - The Bulgarian government on Thursday invited the world's largest steel concern, Arcelormittal, to take over the troubled Kremikowtzi mill.
"It is one of the world's best-known enterprises," Economy and Energy Minister Petar Dimitrov said, announcing the decision to call in the company of the India-born billionaire Lakshmi Mittal.
Lakshmi's younger brother, Pramod, already owns the majority stake
in the debt-ridden Kremikovtzi mill, near the capital Sofia, which went bankrupt in August.
Dimitrov said however that the government is negotiating the sale of its 25-per cent stake in Kremikovtzi with "other domestic and foreign candidates."