ArcelorMittal gets creative for Erdemir sale
ArcelorMittal this week took an innovative approach to a $600m disposal of half of its 25% stake in Turkish steelmaker Eregli Demir ve Celik Fabrikalar (Erdemir). The seller had been talking to banks about a deal, but faced worries about the market’s capacity to absorb a sizeable chunk of what is a little-followed company.
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