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Help please!
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| 10. |
01 Sep 2007 Sat 09:56 pm |
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Please help me!
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| 11. |
01 Sep 2007 Sat 10:13 pm |
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Ok...
RAG had previously acquired Saar Ferngas (as part of a realignment) which "was spinning off its 77% stake" and then ArcelorMittal bought Saar Ferngas from RAG at the purchase price of 267m euros.
Its confusing because they have used the phrase "the purchasing price for ArcelorMittal...." which makes it sound like it was ArcelorMittal that was purchased, when in fact it actually means that ArcelorMittal had to PAY 367m euros".
I hope that answers your question, if not let me know.
Your first post re:
"Buying interest is very low at the current quoted price levels".
means buying interest is very low at (meaning "because of") current quoted price levels.
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| 12. |
01 Sep 2007 Sat 10:23 pm |
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| 13. |
01 Sep 2007 Sat 10:33 pm |
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Ok third question first 
"its 77% stake..." means it had a 77% share in the company. "Stake" is used in gambling and stock exchange terms and means "vested interest" or, put simply, they invested money in 77% of the company, which because such actions are always a risk, it is a "stake".
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| 14. |
01 Sep 2007 Sat 10:38 pm |
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Ok. I am now sure that it is like "share". thank you. And waiting for answers to the others...
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| 15. |
01 Sep 2007 Sat 10:45 pm |
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Aenigma, nereye kayboldun ya! I have been struggling with this bloody news to translate it for more than one hour while I have normally, at most, only 20 minutes to translate each of such news! Pahh!
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| 16. |
01 Sep 2007 Sat 10:53 pm |
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Pagliaccio I am sorry, I dont have much time 
"Which" is the first example you gave.
"Stake" is not like "share". Stake is more of a gamble.
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| 17. |
01 Sep 2007 Sat 10:54 pm |
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It is difficult for me to determine the meaning of "spinning off" in this paragraph. It could mean that it was dramatically going higher, or dramatically going lower. Without more details about the company, how can we know? I assumed it was going higher.
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| 19. |
01 Sep 2007 Sat 10:59 pm |
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Quoting AEnigma III: It is difficult for me to determine the meaning of "spinning off" in this paragraph. It could mean that it was dramatically going higher, or dramatically going lower. Without more details about the company, how can we know? I assumed it was going higher.
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No, no, I am really a real imbecile! 
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| 20. |
01 Sep 2007 Sat 11:01 pm |
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Please don't mistake "spin off" with "spinning off".
The phrase "spin off" means related action, usually favourable. For example:
My car broke down today, but the "spin off" was that I really enjoyed the walk!!
"Spinning off" is not a common phrase so should almost be taking literally! It was "spinning off" and therefore was racing off.... get it?
Sorry I am not very articulate today, its affecting my ability to explain!
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