• A-
  • A
  • A+
Monday, May 21, 2018, 

ArcelorMittal submits divestment proposals to EC for assets in Macedonia, five other countries

ArcelorMittal submits divestment proposals to EC for assets in Macedonia, five other countries

Brussels, 13 April 2018 (MIA) - ArcelorMittal has submitted divestment proposals to the European Commission aiming to secure EU competition clearance for its purchase of Italian steelmaker Ilva, the world’s largest steel producer said on Friday, Reuters reports.

The proposed divestments include assets in Belgium, Czech Republic, Italy, Luxembourg, Macedonia and Romania, the company said.

The Commission is seeking feedback from rivals and customers on Arcelor’s proposed concessions before deciding whether to clear the Ilva deal. It is expected to rule on the deal by May 23.

ArcelorMittal reached a 1.8 billion euro ($2.22 billion) deal in June 2017 to acquire Europe’s biggest steel plant. lk/21:29

###

All Rights Reserved.This material may not be stored, published, broadcast, rewritten or redistributed in any form, except with the prior express permission of Macedonian Information Agency.



Mosaic

Meghan Markle’s nephew caught with knife at London nightclub

Meghan Markle’s nephew sparked a police probe just...

Prince Harry, Meghan Markle wed in Windsor as millions watch

Prince Harry and Meghan Markle gazed into each oth...

Prince Charles to walk Meghan Markle down the aisle

One of the last remaining mysteries of the wedding...

‘Brilliant, depressing’ National Geographic cover goes viral

A haunting cover image on the June issue of Nation...

Elton John will perform at the royal wedding

Elton John will take the stage at the royal weddin...

Top