ArcelorMittal submits revised proposal for the acquisition of Essar Steel
11 Septiembre 2018 - 04:32AM
ArcelorMittal submits revised proposal for the
acquisition of Essar Steel
11 September 2018 - In response to media
speculation, ArcelorMittal (the Company) confirms that
yesterday, 10 September 2018, it submitted a revised proposal to
Essar Steel India Limited’s (ESIL) Committee of Creditors for the
acquisition of ESIL. The Company can also confirm that media
reports speculating on the financial value of the revised offer are
broadly accurate.
The revised offer, which also includes a
commitment to pay the entire amount due to the financial creditors
of Uttam Galva and KSS Petron, therefore represents unprecedented
value to all concerned creditors. Through the revised offer
ArcelorMittal demonstrates its serious commitment to India,
creditor banks and all ESIL’s stakeholders.
The Company believes ESIL provides it with a
compelling opportunity to enter the high-growth Indian steel market
and, should it prove successful with the proposed acquisition, ESIL
will add significant strategic value to the group’s business.
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 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/
|
|
Contact information ArcelorMittal Investor
Relations |
|
|
|
Europe |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 207543 1156 |
Bonds/Credit |
+33 171 921 026 |
|
|
|
|
Contact information ArcelorMittal Corporate
Communications |
|
E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
|
|
|
|
ArcelorMittal Corporate
Communications |
|
|
|
Paul Weigh |
+44 20 3214 2419 |
|
|
|
|
|
|
|
|
|
|
ArcelorMittal (EU:MT)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
ArcelorMittal (EU:MT)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024