30 Jun '14, 1pm

PRESS RELEASE: ArcelorMittal completes the sale of ATIC stake

ArcelorMittal completes the sale of ATIC stake Luxembourg, 30 June 2014 - ArcelorMittal today announces that it has completed the sale of ArcelorMittal's 78% stake in European port handling and logistics company ATIC Services S.A. ("ATIC") to HES Beheer, having received all necessary regulatory approvals. The transaction was completed for an agreed price of EUR 155.4 million. The sale is consistent with ArcelorMittal's stated strategy of selective divestment of non-core assets. About ArcelorMittal ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in over 20 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 ...

Full article: http://corporate.arcelormittal.com/news-and-media/press-r...

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