ArcelorMittal selected as H1 bidder for Essar Steel India Limited
Arcelor Mittal NY Registry Shares NEW (MT)
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Source: GlobeNewswire
Luxembourg, 19 October 2018 - ArcelorMittal confirms it has been informed by the Committee of Creditors (“CoC”) for Essar Steel India Limited (“ESIL”) that it has been evaluated to be the H1 Resolution Applicant (the preferred bidder) in the corporate insolvency resolution process for ESIL. The company will now enter into further final negotiations with the CoC. ENDS 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, we are 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. Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities i
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