Port of StocktonTBA GroupPort of South LouisianaBühler GmbHTOC EventsVan Aalst
  • Cleveland Cascades Ltd
  • Port of Stockton
  • Bühler GmbH
  • Van Aalst
  • TBA Group
  • Multimodal 2022

ArcelorMittal sale of several European assets

ArcelorMittal sale of several European assets

(Posted on 07/07/19)

ArcelorMittal has announced that it completed the sale to Liberty House Group of several steelmaking assets that form the divestment package the Company agreed with the European Commission during its merger control investigation into the Company’s acquisition of Ilva S.p.A.

Assets included within the divestment package are: ArcelorMittal Ostrava (Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje (Macedonia), ArcelorMittal Piombino (Italy), ArcelorMittal Dudelange (Luxembourg) and several finishing lines at ArcelorMittal Liège (Belgium).

The total net consideration for the assets payable to ArcelorMittal is €740 million. €610 million was received on 28 June. The Company is required to deposit €110 million in escrow to be used by Liberty for certain capital expenditure projects as part of the EC approval process.

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, the company is 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.

Latest News

Amogy and Trafigura to research ammonia cracking technology

(Posted on 25/09/22)

Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, and Trafigura, one of... Read more


Rio Tinto and Shougang Group explore steel decarbonisation

(Posted on 25/09/22)

Rio Tinto and Shougang Group, one of the world’s top 10 steel producers, have signed a Memorandum... Read more


Rio Tinto partners Volvo for low-carbon and autonomous solutions

(Posted on 15/09/22)

Rio Tinto and Volvo Group have signed a Memorandum of Understanding (MoU) to create a strategic partnership... Read more


Emergency measures required now to avert European steel crisis

(Posted on 09/09/22)

The European steel industry has called on EU policymakers to provide immediate relief against high energy... Read more


Europe’s fertilizer industry victim of energy chaos

(Posted on 07/09/22)

Rocketing gas prices have led to curtailment or shutdown of a majority of European fertilizer production... Read more


Cargill launches Asia Pacific digital studio to accelerate food/ag innovation

(Posted on 07/09/22)

Cargill is partnering with the Singapore Economic Development Board (EDB) to launch its first digital... Read more


Tata and Punjab Government to set up scrap based EAF steel plant

(Posted on 03/09/22)

Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting... Read more


Turquoise Hill transaction Agreement in Principle with Rio Tinto

(Posted on 01/09/22)

Turquoise Hill Resources Ltd. has announced that it has reached an agreement in principle and entered... Read more


Vale first major mining company to test 100% electric 72-tonne trucks

(Posted on 25/08/22)

Vale have received two battery-powered 72-tonne off-highway trucks, which will be tested in the mines... Read more


Port of Amsterdam becomes member of responsible soy initiative

(Posted on 18/08/22)

The Port of Amsterdam recently became a member of the Round Table on Responsible Soy (RTRS), an initiative... Read more


ViganCleveland Cascades LtdTelestackThe Wolfson Centre for Bulk Solids Handling Technology CimbriaSailors Society
  • Sailors Society
  • Port of South Louisiana
  • Telestack

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping