Arcelor seizes first opening to sell $270m Erdemir stake
GlobalCapital, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213
Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Emerging Markets

Arcelor seizes first opening to sell $270m Erdemir stake

ArcelorMittal sold a TL478m ($268m) stake in Turkish steel maker Eregli Demir ve Celik Fabrikalar (Erdemir) on Monday. The deal is in keeping with ArcelorMittal's strategy to dispose of non-core assets, and follows a deal in 2012 from which the lock-up expired just before social unrest hit the country over the summer.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article