Lakshmi Mittal lands in London after French parliament renews push to nationalize ArcelorMittal assets

Lakshmi Mittal flew from a small airfield in the French Alps (Valberg Altisurface) to London Southend Airport on June 16, 2026, aboard his Bombardier Global 7500 (G-LOBX). The 98-minute hop from a ski resort region to the UK capital suggests a brief business stop rather than a return to his former long-term residence.

The trip lands the same week the French National Assembly voted for a second time to nationalise ArcelorMittal's French assets, as reported by gmk.center. The bill, which already passed a first reading in autumn 2025, aims to seize the steel giant's local operations for an estimated €3 billion, citing industrial sovereignty. Mittal has publicly opposed the move, and his arrival in London — where ArcelorMittal has its European headquarters — may signal urgent board discussions or legal strategy sessions.

Mittal, who moved his tax residence to Switzerland last year and recently bought a $100 million mansion in Dubai's Emirates Hills, maintains a home in London's Kensington Palace Gardens. His recent flight history shows a pattern of globe-hopping — from New York to Seattle to the UK — consistent with his role as executive chairman of the world's largest steelmaker. The French nationalisation push adds fresh uncertainty to an already complex international portfolio.