Arcelormittal Selected As H1 Bidder For Essar Steel India Limited
October 19 2018 - 1:53PM
Dow Jones News
TIDMMT
Luxembourg, 19 October 2018 - ArcelorMittal confirms it has been
informed by the Committee of Creditors ("CoC") for Essar Steel India
Limited ("ESIL") that it has been evaluated to be the H1 Resolution
Applicant (the preferred bidder) in the corporate insolvency resolution
process for ESIL.
The company will now enter into further final negotiations with the CoC.
ENDS
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 +442075431156
Americas +13128993985
Retail +442075431156
SRI +442075431156
Bonds/Credit +33171921026
Contact information ArcelorMittal
Corporate Communications
E-mail: mailto:press@arcelormittal.com press@arcelormittal.com
--------------------------------------------------------
Phone: +442076297988
ArcelorMittal Corporate
Communications
Paul Weigh +442032142419
France
Image 7
Sylvie Dumaine / Anne-Charlotte
Creach +33153707470
--------------------------------------------------------
(END) Dow Jones Newswires
October 19, 2018 13:38 ET (17:38 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
ArcelorMittal (EU:MT)
Historical Stock Chart
From Aug 2024 to Sep 2024
ArcelorMittal (EU:MT)
Historical Stock Chart
From Sep 2023 to Sep 2024