Dutch investors vote Indian tycoon Lakshmi Mittal top for 2006
Amsterdam (dpa) - Indian steel tycoon Lakshmi Mittal has been voted investors' favourite of the year in an internet poll taken by the Dutch Investors Association (VEB) and published Friday.
Mittal, 56, who is based in London, received 18.6 per cent of the 1,400 votes cast. He heads the Arcelor Mittal steel group, the world's largest steel producer with plants all over the world.
Second on 17.6 per cent was Rudi de Becker, head of the Dutch company Hagemeyer, a business-to-business distribution services group.
The VEB attributed Mittal's success to the completion of the takeover of Arcelor last year following a long battle.
It also noted that the share price of Mittal had risen by 43 per cent over 2006, and by a staggering 1,548 per cent over the past five years.
"Mittal was one of the first to realize that the steel sector was ripe for consolidation, buying up ageing plants in the former East Bloc and turning them to profit rapidly," the VEB said. // © 2006 DPA
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