ArcelorMittal-led consortium will continue discussions with the European Commission regarding the proposed acquisition of Ilva
08 Novembre 2017 - 6:25PM
ArcelorMittal S.A. / ArcelorMittal-led consortium will continue
discussions with the European Commission regarding the proposed
acquisition of Ilva . Processed and transmitted by Nasdaq Corporate
Solutions. 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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Contact information ArcelorMittal Investor
Relations |
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Europe |
+442075431123 |
Americas |
+13128993985 |
Retail |
+442075431123 |
SRI |
+442075431123 |
Bonds/Credit |
+33171921026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate
Communications |
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Paul Weigh |
+442032142419 |
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France |
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Image 7 |
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Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470 |
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The issuer of this announcement warrants that they are solely
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information contained therein.
Source: ArcelorMittal S.A. via Globenewswire
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ArcelorMittal S.A.
Berkeley Square House; 7th Floor London UK
ISIN: LU1598757687;
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