145;Bill not aimed at Mittal146;s bid146;

Luxembourg on Tuesday said a takeover law that it planned to enact in May was in no way aimed at creating impediments to steel tycoon L. N. Mittal8217;s bid to takeover Arcelor.

8216;8216;The Government will have no role in impeding the bid. We intend to bring the takeover Bill in May to put in the best international practices in our economy,8217;8217; Jeannot Krecke, Minister for Economy and Foreign Trade, Luxembourg, said here.

Luxembourg8217;s government, which owns 5.6 per cent in Arcelor, has been opposing Mittal8217;s 23 billion unsolicited bid. The Bill is intended to secure the interests of shareholders 8211; both majority and minority, Krecke said.