UPDATE 1-ArcelorMittal-Votorantim tie-up will need more asset sales -report [Reuters]
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Source: Reuters
UPDATE 1-ArcelorMittal-Votorantim tie-up will need more asset sales -report | Reuters Reuters Staff 1 Min Read (Adds ArcelorMittal comment) SAO PAULO, Jan 17 (Reuters) - Brazil’s antitrust watchdog Cade will press steelmakers ArcelorMittal SA and Votorantim Siderurgia SA for more asset sales before approving their merger, newspaper Valor Economico reported on Wednesday, citing unidentified sources. The paper did not specify which assets Cade is targeting, or which ones the companies have proposed to sell. Cade and Votorantim did not immediately comment. Arcelor, in a statement, said it was “confident that the deal would be approved by the antitrust authorities” and that the company was supplying the information requested by Cade. In September, a body of Cade recommended rejecting ArcelorMittal’s proposed acquisition of Votorantim Siderurgia, saying a tie-up between two of Brazil’s top-three long steelmakers would hurt competition. (Reporting by Tatiana Bautzer; Editing by Bernadette B
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News
- ArcelorMittal S.A.: ArcelorMittal publishes its 2023 Integrated Annual ReviewGlobeNewswire
- U.S. Department of Energy announces financial support for ArcelorMittal's anticipated World-Class Electrical Steel facility in Alabama [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal S.A. (NYSE: MT) had its "hold" rating re-affirmed by analysts at Deutsche Bank Aktiengesellschaft. They now have a $31.00 price target on the stock, down previously from $34.00.MarketBeat
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Yahoo! Finance]Yahoo! Finance
- ArcelorMittal's Irina Gorbounova Joins CHAR Tech Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
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Sec Filings
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- 4/10/24 - Form 6-K
- 4/8/24 - Form F-3ASR
- MT's page on the SEC website