arcelormittal Archive

ArcelorMittal submits revised proposal for the acquisition of Essar Steel

11 September 2018 – In response to media speculation, ArcelorMittal (the Company) confirms that yesterday, 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of ESIL. The Company can also confirm that media reports speculating on the financial value of the revised offer are broadly

ArcelorMittal reaches labour agreement with Ilva’s trade unions

6 September 2018 – ArcelorMittal (the Company) announces that it has today reached a provisional labour agreement with Ilva’s trade unions. The agreement is an important milestone in AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva). The key terms of the provisional agreement are as follows: The labour agreement details a

ArcelorMittal announces result of its Extraordinary General Meeting

16 May 2018 – The Extraordinary General Meeting (EGM) of shareholders of ArcelorMittal held today in Luxembourg approved the resolution on the EGM agenda by a strong majority. The sole proposal was to change the currency of the share capital from Euro to US dollar. 69,2% of the voting rights were represented at the general

ArcelorMittal receives European Commission approval for its acquisition of Ilva

ArcelorMittal (‘the Company’) announces that it has been granted merger clearance by the European Commission (‘EC’ or ‘the Commission’) for AM Investco Italy Srl (AM Investco)’s proposed acquisition of Ilva S.p.A (Ilva). EC merger clearance follows the conclusion of the Commission’s Phase II investigation into the proposed acquisition of Ilva, and has been granted on

ArcelorMittal submits offer in re-bidding process for Essar Steel India Limited in connection with joint venture with Nippon Steel & Sumitomo Metal

ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation (‘NSSMC’) announce that ArcelorMittal’s subsidiary ArcelorMittal India Private Limited (‘AMIPL’) has today submitted an offer in the re-bidding process for Essar Steel India Limited (‘Essar Steel’) in connection with the joint venture between ArcelorMittal and NSSMC to jointly acquire and manage Essar Steel. NSSMC is Japan’s leading

ArcelorMittal announces the completion of its share buyback program

Luxembourg, 28 March 2018 – ArcelorMittal announces the completion of its share buyback program on 26 March 2018. ArcelorMittal has repurchased 7 million shares for a total value of approximately €184,345,983 (equivalent USD 226,487,475) at an approximate average price per share of €26.34. All details are available on its website on: http://corporate.arcelormittal.com/investors/equity-investors/share-buyback   About ArcelorMittal

Aditya Mittal appointed President of ArcelorMittal

Luxembourg, 5 March 2018 – ArcelorMittal announces that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities. This nomination reflects the increasing global strategic role Aditya has across the group, supporting the Chairman and CEO, Mr Lakshmi Mittal. Commenting, Mr Mittal said: “Aditya

Agreement between ArcelorMittal and NSSMC regarding joint venture to acquire Essar Steel India Limited

ArcelorMittal (The Company) has signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) in relation to its offer to acquire Essar Steel India Limited (Essar Steel). The Company’s subsidiary ArcelorMittal India Private Limited (AMIPL) submitted a Resolution Plan for Essar on 12 February, which outlined the intention to have NSSMC

New LD(BOF) converter from Primetals Technologies enters service at ArcelorMittal Hochfeld

Maintenance-free Vaicon Link 2.0 converter suspension offers long service life Newly developed horizontal measuring and sampling unit in use At the end of January, a new LD(BOF) converter constructed by Primetals Technologies in a turnkey project entered service at the German steel producer ArcelorMittal Hochfeld GmbH. It has a tapping weight of 150 metric tons

ArcelorMittal reports fourth quarter 2017 and full year 2017 results

Luxembourg, January 31, 2018 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results[1] for the three month and twelve month periods ended December 31, 2017. Highlights: Health and safety performance improved in FY 2017 with annual