Arcelormittal Reaches Agreement With Liberty House For The Sale Of Its Steelmaking Facilities In Czech Republic, Romania, Mac...
12 October 2018 - 6:20PM
Dow Jones News
TIDMMT
12 October 2018 -- ArcelorMittal ('the Company') today announces that it
has received a binding offer from Liberty House Group for the
acquisition of ArcelorMittal Ostrava (Czech Republic), ArcelorMittal
Galati (Romania), ArcelorMittal Skopje (Macedonia) and ArcelorMittal
Piombino (Italy). The four assets are part of a divestment package the
Company agreed with the European Commission ('EU') during its merger
control investigation into the Company's acquisition of Ilva S.p.A
('Ilva').
Transaction closing is subject to the completion of the Company's
acquisition of Ilva, and conditional on EU approval and the conclusion
of information consultations with local and European Works Councils.
Negotiations are ongoing with parties regarding the sale of the other
assets -- ArcelorMittal Dudelange in Luxembourg, and several finishing
lines in Liege, Belgium -- included in the divestment package.
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 2017, ArcelorMittal had revenues of $68.7 billion and crude steel
production of 93.1 million metric tonnes, while own iron ore production
reached 57.4 million metric 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/
Contact information ArcelorMittal
Investor Relations
Europe +44 20 7543 1156
Americas +1 312 899 3985
Retail +44 20 7543 1156
SRI +44 207543 1156
Bonds/Credit +33 171 921 026
Contact information ArcelorMittal
Corporate Communications
E-mail: mailto:press@arcelormittal.com press@arcelormittal.com
--------------------------------------------------------
Phone: +442076297988
ArcelorMittal Corporate
Communications
Paul Weigh +44 20 3214 2419
(END) Dow Jones Newswires
October 12, 2018 03:05 ET (07:05 GMT)
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