Lakshmi Mittal flies to Nice as ArcelorMittal France nationalization bill advances to Senate

Lakshmi Mittal flew from Paris-Le Bourget to Nice on June 16, a 1-hour 7-minute hop aboard his Bombardier Global 7500 (G-LOBX), arriving just after 6:45 p.m. local time. The flight came shortly after he had traveled from London to Paris earlier the same day, suggesting a brief stopover in the capital before heading south.

The trip lands in Nice the same week the French National Assembly voted—for the second time—to nationalize ArcelorMittal France, a bill that now heads to the Senate per a steelorbis.com report. The legislation, backed by left-wing lawmakers, targets Mittal’s French steel assets amid job cuts and concerns over industrial sovereignty. Mittal has opposed the move, arguing it would worsen the situation for the sites.

Mittal’s recent flights show a pattern of transatlantic movement: from New York to London on June 11, then to Seattle and back, before returning to London and Paris. His decision to shift tax residency to Switzerland and acquire property in Dubai, as covered by The Profit India, underscores a broader recalibration of his European footprint as the political debate over his steel empire intensifies.