Mutares Makes Offer for ArcelorMittal Wire and Rope Subsidiary
23 Abril 2019 - 2:53AM
Noticias Dow Jones
By Nathan Allen
Mutares AG (MUX.XE) said Tuesday that it has made a binding
offer for ArcelorMittal's (MT.AE) France-based subsidiary
ArcelorMittal TrefilUnion SAS, which manufactures steel wires and
ropes.
The German buyout group said its proposal will be presented to
TrefilUnion workers' representatives on Wednesday.
Neither company disclosed the value of the offer.
Mutares invests in unprofitable small to mid-sized companies and
seeks to turn them around by optimizing operations.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 23, 2019 03:38 ET (07:38 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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