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MTS - ArcelorMittal SA News Story

€27.04 0.7  2.6%

Last Trade - 07/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £25.39bn
Enterprise Value £31.03bn
Revenue £39.09bn
Position in Universe 11th / 727

BRIEF-ArcelorMittal Completes Investment Agreement With Invitalia

Wed 14th April, 2021 3:22pm
April 14 (Reuters) - ARCELORMITTAL SA  MT.LU :
    * ARCELORMITTAL COMPLETES INVESTMENT AGREEMENT WITH
INVITALIA
    * INVITALIA HAS INJECTED EUR 400 MILLION NEW EQUITY INTO AM
INVESTCO ITALY
    * INVESTMENT AGREEMENT STIPULATES A SECOND EQUITY INJECTION
BY
INVITALIA, OF UP TO EUR 680 MILLION,
    * SECOND INJECTION  TO FUND COMPLETION OF PURCHASE OF ILVA'S
BUSINESS BY ACCIAIERIE D'ITALIA, WHICH IS EXPECTED BY MAY 2022
    * AT THIS POINT, INVITALIA'S SHAREHOLDING IN ACCIAIERIE
D'ITALIA
WOULD INCREASE TO 60%
    * ACCIAIERIE D'ITALIA HOLDING WILL OPERATE INDEPENDENTLY,
AND AS
SUCH WILL HAVE ITS OWN FUNDING PLANS WITHOUT RELIANCE ON
ARCELORMITTAL
    * ACCIAIERIE D'ITALIA:"ARCELORMITTAL TO INVEST UP TO EUR 70
MILLION TO RETAIN A 40% SHAREHOLDING AND JOINT CONTROL OVER
COMPANY.
    * GOING FORWARD JOINT COMPANY AM INVESTCO ITALY IS BEING
RE-NAMED
ACCIAIERIE D'ITALIA HOLDING

Source text for Eikon:  ID:nGNE1V6CV7 
Further company coverage:  MT.LU 

 (Gdansk Newsroom)
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