ArcelorMittal-led consortium will continue discussions with the European Commission regarding the proposed acquisition of Ilv...
09 November 2017 - 4:25AM
8 November 2017 - ArcelorMittal today confirms
that the European Commission has initiated a Phase II review of AM
Investco Italy Srl ('AM Investco')'s proposed acquisition of Ilva
S.p.A. ArcelorMittal will continue to work closely and
constructively with the European Commission to explain the dynamics
of the steel industry, the rationale of the proposed acquisition
and the benefits it will bring to industry, customers, the
environment and the local economy. We look forward to ongoing
dialogue with the Commission to secure approval for this
transaction in a timely manner.
§
ArcelorMittal notified AM Investco's proposed acquisition of
Ilva S.p.A to the European Commission on 21 September 2017, and
submitted commitments on 19 October 2017. AM Investco reached a
binding agreement concerning the lease and obligation to purchase
Ilva S.p.A and its subsidiaries with the Italian Government in June
2017.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company,
with a presence in 60 countries and an industrial footprint in 18
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 people use
in their everyday lives more energy efficient.
We are one of the world's five largest producers of iron ore and
metallurgical coal. 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 2016, ArcelorMittal had revenues of $56.8 billion and crude
steel production of 90.8 million tonnes, while own iron ore
production reached 55.2 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 Corporate
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ArcelorMittal Corporate Communications |
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Paul
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France |
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Sylvie Dumaine / Anne-Charlotte Creach |
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