Luxembourg, 8 October 2013: ArcelorMittal announces the sale of 233,169,183 shares (the “Shares”) in Ereğli Demir ve Çelik Fabrikaları T.A.Ş. (“Erdemir”) by way of a single accelerated bookbuilt offering to institutional investors. The sale has generated proceeds of approximately US$267million.Prior to the sale, ArcelorMittal owned 655,969,154 Shares in Erdemir, representing approximately 18.74% of Erdemir’s share capital. Following completion of the sale, ArcelorMittal will hold approximately 12.08% of Erdemir’s share capital.
ArcelorMittal has agreed to a 180-day lock-up period on its remaining stake in Erdemir.
The sale was managed by Citigroup Global Markets Limited acting as Sole Bookrunner.