PARIS: The French government has found an industrialist willing to invest 400 million euros ($516.4 million) to renovate ArcelorMittal's Florange steelworks in northeast France, a minister said on Wednesday.
Raising pressure on the group to agree to a sale, Industry Minister Arnaud Montebourg told lawmakers the interested party was a private steel industry investor who wanted to inject money into the site with financial backing from the state.
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