ArcelorMittal to buy CSP from Vale, Posco, Dongkuk for $2.2 bln

Dongkuk Holdings Co

28/07/2022 11:14

SAO PAULO, July 28 (Reuters) - ArcelorMittal SA  MT.LU  has
signed a binding agreement to buy  Companhia Siderurgica do
Pecem, known as CSP, from Brazilian miner Vale SA  VALE3.SA ,
Posco Holdings Inc  005490.KS  and Dongkuk Steel Mill Co Ltd
 001230.KS , according to a securities filing Thursday.
    The deal has an enterprise value of $2.2 billion, Vale said
in the filing. 
    Vale holds a 50% stake in CSP, Dongkuk owns 30% and Posco
has the remaining 20%.

 (Reporting by Gabriel Araujo)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))