I understand that this has taken a lot of politicians by surprise. But we believe that this is an important and right step for the steel industry.

We have no intention of shutting down plants. We have always said there will be no redundancies or lay-offs as a result of this merger.

The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise - a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.

It is true that we are interested in scale but there are very sound reasons for this.

I am sure all politicians will be convinced of the merits of this deal.

This is a learning in the business life that first of all you need to have commitment, dedication and passion for what you are doing.

I have confidence that the government of Luxembourg will not make any decision that frustrates this transaction.