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ArcelorMittal submits proposed divestment package for Ilva bid to European Commission

Steel News - Published on Mon, 16 Apr 2018

Image Source: SteelGuru
ArcelorMittal announced that, as part of the ongoing European Commission ('EC') review into its acquisition of Ilva, it submitted a proposed divestment package to the EC to address concerns the EC has raised during its review. The proposed divestment package includes the following assets:
ArcelorMittal Piombino, the Company's only galvanised steel plant in Italy
ArcelorMittal Galati, Romania
ArcelorMittal Skopje, Macedonia
ArcelorMittal Ostrava, Czech Republic
ArcelorMittal Dudelange, Luxembourg
Hot dipped galvanising lines 4 and 5 in Flemalle; hot-rolled pickling, cold rolling and tin packaging lines in Tilleur, all of which are in Liège, Belgium.

The proposal to sell these assets remains subject to final review and approval by the EC as well as the conclusion of the information and consultation processes with local and European works councils. Any sales would be conditional upon completion of ArcelorMittal's acquisition of Ilva.

The EC is expected to reach a final decision on the case by 23 May 2018.

Source :

Posted By : Sanju Moirangthem on Mon, 16 Apr 2018
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