ArcelorMittal completes the sale of ATIC stake
30 June 2014 - 11:19PM
Luxembourg, 30
June 2014 - ArcelorMittal today announces that it has completed the
sale of ArcelorMittal's 78% stake in European port handling and
logistics company ATIC Services S.A. ("ATIC") to HES Beheer, having
received all necessary regulatory approvals.
The transaction was completed
for an agreed price of EUR 155.4 million. The sale is consistent
with ArcelorMittal's stated strategy of selective divestment of
non-core assets.
About
ArcelorMittal
ArcelorMittal is the world's
leading steel and mining company, with a presence in more than 60
countries and an industrial footprint in over 20 countries. Guided
by a philosophy to produce safe, sustainable steel, we are the
leading supplier of quality steel in the major global steel markets
including automotive, construction, household appliances and
packaging, with world-class research and development and
outstanding distribution networks.
Through our core values of
sustainability, quality and leadership, we operate responsibly with
respect to the health, safety and wellbeing of our employees,
contractors and the communities in which we operate.
For us, steel is the fabric of
life, as it is at the heart of the modern world from railways to
cars and washing machines. We are actively researching and
producing steel-based technologies and solutions that make many of
the products and components we use in our everyday lives more
energy-efficient.
We are one of the world's five
largest producers of iron ore and metallurgical coal and our mining
business is an essential part of our growth strategy. With a
geographically diversified portfolio of iron ore and coal assets,
we are strategically positioned to serve our network of steel
plants and the external global market. While our steel operations
are important customers, our supply to the external market is
increasing as we grow.
In 2013, ArcelorMittal had
revenues of $79.4 billion and crude steel production of 91.2
million tonnes, while own iron ore production reached 58.4 million
tonnes.
ArcelorMittal is listed on the
stock exchanges of New York (MT), Amsterdam (MT), Paris (MT),
Luxembourg (MT) and on the Spanish stock exchanges of Barcelona,
Bilbao, Madrid and Valencia (MTS).
For more information about
ArcelorMittal please visit: http://corporate.arcelormittal.com/.
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Contact information ArcelorMittal
Investor Relations |
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Europe |
+ 352 4792 3198 |
Americas |
+1 312 899 3985 |
Retail |
+ 352 4792 3198 |
SRI |
+ 44 207 543 1123 |
Bonds/Credit |
+ 33 171 92 10 26 |
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Contact information ArcelorMittal
Corporate Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+44 20 7629 7988 |
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ArcelorMittal Corporate
Communications |
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Sophie Evans (head of media relations) |
+44 20 3214 2882 |
Laura Nutt |
+44 20 7543 1125 |
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United Kingdom |
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Maitland Consultancy: |
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Martin Leeburn |
+ 44 20 7379 5151 |
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France |
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Sylvie Dumaine / Anne-Charlotte Creach |
+ 33 1 5370 7470 |
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ArcelorMittal S.A. via Globenewswire
HUG#1807510
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