13 April 2018 - ArcelorMittal
('the Company') announces that, as part of the ongoing European
Commission ('EC') review into its acquisition of Ilva, it submitted
a proposed divestment package to the EC to address concerns the EC
has raised during its review. The proposed divestment package
includes the following assets:
- ArcelorMittal Piombino, the Company's only
galvanised steel plant in Italy
- ArcelorMittal Galati, Romania
- ArcelorMittal Skopje, Macedonia
- ArcelorMittal Ostrava, Czech Republic
- ArcelorMittal Dudelange, Luxembourg
- Hot dipped galvanising lines 4 and 5 in Flemalle;
hot-rolled pickling, cold rolling and tin packaging lines in
Tilleur, all of which are in Liège, Belgium.
The proposal to sell these assets remains subject
to final review and approval by the EC as well as the conclusion of
the information and consultation processes with local and European
works councils. Any sales would be conditional upon completion of
ArcelorMittal's acquisition of Ilva. The EC is expected to reach a
final decision on the case by 23 May 2018.
ENDS
Important
Information
This communication does not constitute an offer to
purchase or exchange or the solicitation of an offer to buy or to
exchange any securities of ArcelorMittal. Nothing contained herein
is, or shall be relied on as, a promise or representation as to the
future performance of ArcelorMittal.
Forward-Looking
Statements
This communication contains forward-looking
information and statements about ArcelorMittal and its business
after completion of the proposed transaction that have not been
audited or independently verified. Forward-looking statements are
statements that are not historical facts. These statements include
financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and
expectations with respect to future operations. Although the
management of ArcelorMittal believe that the expectations reflected
in such forward-looking statements are reasonable, investors and
holders of ArcelorMittal shares are cautioned that forward-looking
information and statements are subject to various risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of ArcelorMittal, that could cause actual
results and developments to differ materially from those expressed
in, or implied or projected by, the forward-looking information and
statements. The combined group may not realize the full benefits of
the transaction.
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 2017, ArcelorMittal had
revenues of $68.7 billion and crude steel production of 93.1
million metric tonnes, while own iron ore production reached 57.4
million metric 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 |
+442075431156 |
Americas |
+13128993985 |
Retail |
+442075431156 |
SRI |
+442075431156 |
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 |
Richard Farnsworth |
+447734776317 |
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