Displaying items by tag: divestment

Europe: AcelorMittal has received approval from the European Commission (EC) for the sale of selected steelmaking assets to Liberty House Group. The divestment includes ArcelorMittal Ostrava in the Czech Republic, ArcelorMittal Galati in Romania, ArcelorMittal Skopje in North Macedonia, ArcelorMittal Piombin in Italy, ArcelorMittal Dudelange in Luxembourg and several finishing lines at ArcelorMittal Liège in Belgium. The assets are part of a divestment package that AcelorMittal agreed with the EC during its merger control investigation into its acquisition of Ilva. The transaction is expected to close before the end of the first half of 2019.