TIDMMT 
 
 
   17 April 2019, 17:00 CET -- ArcelorMittal ('the Company') today 
announces that it has received European Commission ('EC') approval for 
the sale of several steelmaking assets to Liberty House Group. The 
assets form a divestment package the Company agreed with the European 
Commission ('EC') during its merger control investigation into the 
Company's acquisition of Ilva S.p.A. 
 
   Assets included within the divestment package are ArcelorMittal Ostrava 
(Czech Republic), ArcelorMittal Galati (Romania), ArcelorMittal Skopje 
(Macedonia), ArcelorMittal Piombino (Italy), ArcelorMittal Dudelange 
(Luxembourg) and several finishing lines at ArcelorMittal Liège 
(Belgium). 
 
   Transaction closing is anticipated to occur before the end of the first 
half of this year. 
 
   ENDS 
 
   About ArcelorMittal 
 
   ArcelorMittal is the world's leading steel and mining company, with a 
presence in 60 countries and an industrial footprint in 17 countries. 
Guided by a philosophy to produce safe, sustainable steel, we are the 
leading supplier of quality steel in the major global steel markets 
including automotive, construction, household appliances and packaging, 
with world-class research and development and outstanding distribution 
networks. 
 
   Through our core values of sustainability, quality and leadership, we 
operate responsibly with respect to the health, safety and wellbeing of 
our employees, contractors and the communities in which we operate. 
 
   For us, steel is the fabric of life, as it is at the heart of the modern 
world from railways to cars and washing machines. We are actively 
researching and producing steel-based technologies and solutions that 
make many of the products and components people use in their everyday 
lives more energy efficient. 
 
   We are one of the world's five largest producers of iron ore and 
metallurgical coal. With a geographically diversified portfolio of iron 
ore and coal assets, we are strategically positioned to serve our 
network of steel plants and the external global market. While our steel 
operations are important customers, our supply to the external market is 
increasing as we grow. 
 
   In 2018, ArcelorMittal had revenues of $76.0 billion and crude steel 
production of 92.5 million metric tonnes, while own iron ore production 
reached 58.5 million metric tonnes. 
 
   ArcelorMittal is listed on the stock exchanges of New York (MT), 
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock 
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). 
 
   For more information about ArcelorMittal please visit: 
http://corporate.arcelormittal.com/ 
 
 
 
 
 
Contact information ArcelorMittal 
 Investor Relations 
 
Europe                                                   +44 20 7543 1156 
Americas                                                  +1 312 899 3985 
Retail                                                   +44 20 7543 1156 
SRI                                                      +44 20 7543 1156 
Bonds/Credit                                              +33 171 921 026 
 
 
Contact information ArcelorMittal 
 Corporate Communications 
 
                                           mailto:press@arcelormittal.com 
  E-mail:                                         press@arcelormittal.com 
                                         -------------------------------- 
Phone:                                                   +44 20 7629 7988 
 
 
ArcelorMittal Corporate Communications 
 
Paul Weigh                                               +44 20 3214 2419 
 
 
 
 
 
 

(END) Dow Jones Newswires

April 17, 2019 11:19 ET (15:19 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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