ArcelorMittal Considering Selling Construction Unit -Bloomberg

Date : 09/11/2019 @ 9:33AM
Source : Dow Jones News
Stock : Arcelor Mittal New (MT)
Quote : 15.03  -0.33 (-2.15%) @ 12:59AM

ArcelorMittal Considering Selling Construction Unit -Bloomberg

Arcelor Mittal (NYSE:MT)
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--ArcelorMittal is considering selling a downstream construction business, Bloomberg reported late Tuesday, citing people familiar with the matter.

--The steel company is working with advisers to prepare an auction of the unit, which could bring the company between 700 million euros and 800 million euros ($773 million and $883 million), Bloomberg reported.

--A sale process could begin in the fourth quarter, the report states.

 

Full story: https://bloom.bg/2lPWMDJ

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

September 11, 2019 04:18 ET (08:18 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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