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India

ArcelorMittal SA (MT.AS)

MT.AS on Amsterdam Stock Exchange

23.75EUR
19 Oct 2018
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Wed, Oct 17 2018

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ArcelorMittal to make $1 billion creditor payment to bid for Essar Steel

ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.

ArcelorMittal to make $1 bln creditor payment to bid for Essar Steel

Oct 17 ArcelorMittal SA said on Wednesday it would pay 74.69 billion rupees ($1.01 billion) to creditors of two Indian companies in which it previously held stakes, in order to make its acquisition offer valid for Essar Steel, another debt-ridden Indian steel firm.

MEDIA-ArcelorMittal ready to clear Uttam Galva, KSS Petron debt for India's Essar Steel bid - Economic Times

- Note: Reuters has not verified this story and does not vouch for its accuracy

Deals of the day-Mergers and acquisitions

Oct 12 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:

ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

GDYNIA/LONDON ArcelorMittal, the world's largest steel producer, has agreed the sale of plants in the Czech Republic, Romania, Macedonia and Italy to Liberty House to satisfy regulatory requirements for its acquisition of Italian steelmaker Ilva.

UPDATE 2-ArcelorMittal sells assets to Liberty House to facilitate Ilva deal

* Assets likely to sell for less than $1 bln book value -Jefferies

RPT-ArcelorMittal to sell assets in Czech Republic, Romania, Macedonia and Italy

Oct 12 ArcelorMittal, the world's largest steel producer, said on Friday it had struck a deal to sell its steelmaking facilities in the Czech Republic, Romania, Macedonia and Italy to Liberty House.

Supreme Court allows ArcelorMittal, NuMetal to bid for Essar Steel

India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within two weeks, according to a court ruling on Thursday.

UPDATE 1-India's apex court allows ArcelorMittal, NuMetal to bid for Essar Steel

Oct 4 India's Supreme Court allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after clearing their outstanding dues within two weeks, according to a court ruling on Thursday.

India's apex court allows ArcelorMittal, NuMetal to bid for Essar Steel -TV

Oct 4 India's Supreme Court on Thursday allowed ArcelorMittal SA and NuMetal to bid for debt-ridden Essar Steel after paying outstanding dues within two weeks, television channels said.

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