arcelormittal Archive

ArcelorMittal reaches agreement with Liberty House for the sale of finishing lines in Dudelange and Liège

2 November 2018 – ArcelorMittal (‘the Company’) today announces that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Dudelange (Luxembourg) and the following finishing lines at ArcelorMittal Liège (Belgium): hot dipped galvanising lines 4 and 5 in Flemalle; and hot-rolled pickling, cold rolling and tin packaging lines in

ArcelorMittal takes required step to ensure its offer for Essar Steel is eligible

17 October 2018 – ArcelorMittal (‘the Company’) announces that, in-line with the Indian Supreme Court ruling dated 4 October 2018, it has approved a payment of 7,469 crore rupees (c. $1 billion) to the financial creditors of Uttam Galva and KSS Petron to clear overdue debts in order that the offer it submitted for Essar

ArcelorMittal reaches agreement with Liberty House for the sale of its steelmaking facilities in Czech Republic, Romania, Macedonia and Italy

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’)

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