ArcelorMittal announces sale of Bosnian operations
20 Junho 2025 - 10:30AM
20 June 2025, 15:30 CET
ArcelorMittal (“the company”) has today signed a sale and
purchase agreement to sell its operations in Bosnia and
Herzegovina. ArcelorMittal Zenica, an integrated steel plant, and
ArcelorMittal Prijedor, an iron ore mining business which supplies
the Zenica plant, will be sold to Pavgord Group.
The company has made considerable investments and efforts to
keep ArcelorMittal Zenica and ArcelorMittal Prijedor within the
group. However, after a thorough strategic review, the company
concluded that a sale is the best solution for the development of
the business and its people.
Under the terms of the transaction, ArcelorMittal’s shares in
ArcelorMittal Zenica and ArcelorMittal Prijedor will be sold to
Pavgord Group, and all employees’ jobs are transferred to the new
owner. Net of sale proceeds, the company expects to record a
non-cash loss on disposal of approximately $0.2bn (including
foreign exchange losses recorded in equity since the date of
acquisition).
The deal is expected to close in the third quarter of 2025,
subject to merger control clearance and the fulfilment of all
conditions precedent. Until then, all operations of the company
will continue as usual, with the full support of the local
management team and the company leadership team.
“ArcelorMittal acknowledges the support of the government of
Bosnia and Herzegovina, and the government of the Federation and
Republika Srpska, during the 21 years that the company has been
operating in the country. We believe the company will continue to
be a major contributor to the economy of Bosnia and Herzegovina. We
thank all our employees at ArcelorMittal Zenica and ArcelorMittal
Prijedor for their hard work and passionate engagement during all
these years and wish them all the best for the future, as well as
to Pavgord Group in this new phase”, commented Sanjay Samaddar,
Vice President ArcelorMittal and chief executive officer,
ArcelorMittal Europe – Long Products.
Ends
About ArcelorMittal
ArcelorMittal is one of the world’s leading
integrated steel and mining companies with a presence in 60
countries and primary steelmaking operations in 15 countries. It is
the largest steel producer in Europe, among the largest in the
Americas, and has a growing presence in Asia through its joint
venture AM/NS India. ArcelorMittal sells its products to a diverse
range of customers including the automotive, engineering,
construction and machinery industries, and in 2024 generated
revenues of $62.4 billion, produced 57.9 million metric tonnes of
crude steel and 42.4 million tonnes of iron ore. Our purpose is to
produce smarter steels for people and planet. Steels made using
innovative processes which use less energy, emit significantly less
carbon and reduce costs. Steels that are cleaner, stronger and
reusable. Steels for the renewable energy infrastructure that will
support societies as they transform through this century. With
steel at our core, our inventive people and an entrepreneurial
culture at heart, we will support the world in making that
change.
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).http://corporate.arcelormittal.com/
Contacts:
ArcelorMittal Investor
Relations General +44
20 7543
1128Sustainability +44
203 214 2490
Bonds/Credit
+33 157 955
035E-mail investor.relations@arcelormittal.com
ArcelorMittal Corporate
Communications Paul
Weigh +44 20 3214
2419E-mail:
press@arcelormittal.com
ArcelorMittal North America
CommunicationsChris
Mason +1 219 666
4636E-Mail:
northamerica.press@arcelormittal.com
ArcelorMittal (EU:MT)
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