Tag «complete sale»

ArcelorMittal and Gerdau complete sale of Gallatin Steel

Luxembourg and Porto Alegre, 8 October 2014 Further to the previous announcement made on 15 September 2014, ArcelorMittal and Gerdau jointly announced today that they have completed the sale of their respective 50% interests in Gallatin Steel Company (“Gallatin”) to Nucor Corporation. The sale was completed for a total cash consideration of US$770m. Gallatin is …