ArcelorMittal reaches agreement with Liberty House for the sale of its steelmaking facilities in Czech Republic, Romania, Mac...
October 11 2018 - 10:50PM
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/
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Contact information ArcelorMittal
Investor Relations |
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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 |
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Contact information ArcelorMittal
Corporate Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate
Communications |
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Paul Weigh |
+44 20 3214 2419 |
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