ArcelorMittal-led consortium will continue discussions with the European Commission regarding the proposed acquisition of Ilva
(Thomson Reuters ONE) -
ArcelorMittal S.A. /
ArcelorMittal-led consortium will continue discussions with the European
Commission regarding the proposed acquisition of Ilva
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The issuer is solely responsible for the content of this announcement.
8 November 2017 - ArcelorMittal today confirms that the European Commission has
initiated a Phase II review of AM Investco Italy Srl ('AM Investco')'s proposed
acquisition of Ilva S.p.A. ArcelorMittal will continue to work closely and
constructively with the European Commission to explain the dynamics of the steel
industry, the rationale of the proposed acquisition and the benefits it will
bring to industry, customers, the environment and the local economy. We look
forward to ongoing dialogue with the Commission to secure approval for this
transaction in a timely manner.
§
ArcelorMittal notified AM Investco's proposed acquisition of Ilva S.p.A to the
European Commission on 21 September 2017, and submitted commitments on 19
October 2017. AM Investco reached a binding agreement concerning the lease and
obligation to purchase Ilva S.p.A and its subsidiaries with the Italian
Government in June 2017.
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 2016, ArcelorMittal had revenues of $56.8 billion and crude steel production
of 90.8 million tonnes, while own iron ore production reached 55.2 million
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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|ArcelorMittal Corporate Communications |
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Source: ArcelorMittal S.A. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.11.2017 - 18:25 Uhr
Sprache: Deutsch
News-ID 567275
Anzahl Zeichen: 8228
contact information:
Town:
London
Kategorie:
Business News
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