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MTS - ArcelorMittal SA News Story

€26.24 -0.1  -0.4%

Last Trade - 08/12/21

Sector
Basic Materials
Size
Large Cap
Market Cap £21.77bn
Enterprise Value £26.36bn
Revenue £52.82bn
Position in Universe 15th / 733

BRIEF-Arcelormittal And EIB Announce EUR 280 Mln Of Funding For Research And Innovation

Mon 27th September, 2021 11:02am
Sept 27 (Reuters) - ARCELORMITTAL SA  MT.LU :
    * ARCELORMITTAL AND EIB ANNOUNCE EUR 280 MILLION OF FUNDING
FOR
RESEARCH AND INNOVATION SUPPORTING STEEL COMPANY'S
DECARBONISATION OBJECTIVES
    * KEY FUNDING WILL ALLOW SIGNIFICANT EXPANSION OF
ARCELORMITTAL'S
RESEARCH AND DEVELOPMENT ACTIVITIES ON DECARBONISATION.
    * A PROJECT COVERING CAPITAL EXPENDITURE IN SEVERAL EU
COUNTRIES:
FRANCE, BELGIUM, LUXEMBOURG AND SPAIN
    * LOAN IS BACKED BY A GUARANTEE FROM EUROPEAN FUND FOR
STRATEGIC
INVESTMENTS, MAIN PILLAR OF EUROPEAN COMMISSION'S INVESTMENT
PLAN FOR EUROPE.
    * WILL HELP TO FUND GROUP'S EUROPEAN RESEARCH AND
DEVELOPMENT
PROGRAMME BETWEEN 2021 AND 2023

Further company coverage:  MT.LU 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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