International Business
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<i> Times Staff and Wire Reports</i>
France Launches Sale of Steelmaker: The country’s new conservative government, unveiling its first privatization since taking office last month, said it plans to sell Europe’s largest steelmaker, Usinor-Sacilor, before summer. The announcement coincided with fierce protests from public-sector unions angry over plans to press ahead--and if possible step up--the previous government’s privatization effort. Industry analysts say Usinor is worth between $4.1 billion and $4.5 billion.
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