Tag «Aditya Mittal»

ArcelorMittal announces results of its General Meetings

The Annual General Meeting and Extraordinary General Meeting (‘General Meetings’) of shareholders of ArcelorMittal (‘the Company’) held today approved all resolutions by a strong majority. 68% of the voting rights were represented at the General Meetings. In view of the Covid-19 outbreak, the Board of Directors of ArcelorMittal had decided to hold this year’s General …

ArcelorMittal and Nippon Steel complete acquisition of Essar Steel

16 December 2019 – 12:40 CET – ArcelorMittal announces that it has today completed the acquisition of Essar Steel India Limited (‘ESIL’), and simultaneously established a joint venture with Nippon Steel Corporation (‘Nippon Steel’), called ArcelorMittal Nippon Steel India Limited (‘AM/NS India’), which will own and operate ESIL. ArcelorMittal holds 60 per cent of AM/NS …

Aditya Mittal appointed President of ArcelorMittal

Luxembourg, 5 March 2018 – ArcelorMittal announces that Aditya Mittal, Group CFO and CEO of ArcelorMittal Europe, has been appointed as President, ArcelorMittal, in addition to his current responsibilities. This nomination reflects the increasing global strategic role Aditya has across the group, supporting the Chairman and CEO, Mr Lakshmi Mittal. Commenting, Mr Mittal said: “Aditya …

ArcelorMittal led consortium reaches agreement regarding Ilva lease and purchase agreement

16 June 2017 – ArcelorMittal (‘the Company’) and Marcegaglia announce that AM Investco Italy Srl (‘AM Investco’) has concluded the exclusive negotiation phase and reached a binding agreement concerning the lease and obligation to purchase Ilva S.p.A and its subsidiaries with the Italian Government. The ancillary documentation will be completed by 30 June. Intesa Sanpaolo …

ArcelorMittal and Marcegaglia submit offer for Ilva – ArcelorMittal 

Investment commitments of over €2.3 billion in addition to the purchase price Intention to produce 9.5 million tonnes of finished products Commitment to build research and development centre in Taranto Commitment to implement new low-carbon steel-making technologies Letter of intent to join consortium signed with Banca Intesa SanPaolo   6 March 2017 –  ArcelorMittal and …

ArcelorMittal Europe reports €145m operating profit for 2015

5 February 2016 ArcelorMittal Europe today announced its results for the full year 2015 and the fourth quarter ended 31 December 2015. For the full year 2015, the Europe segment reported an operating profit of €145m. This compares with an operating profit of €549m in 2014, reflecting the impact of lower steel prices on the …

ArcelorMittal sells its 35% stake in Gestamp Automoción for €875m

5 February 2016 – ArcelorMittal today announces it has sold its 35% stake in Gestamp Automoción (“Gestamp”) to the majority shareholder, the Riberas family, for a total cash consideration of €875m. The transaction is unconditional and payment is expected to be made to ArcelorMittal within six months. In addition to the cash consideration, ArcelorMittal will …