Share Name Share Symbol Market Type
ArcelorMittal EU:MT Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.546 3.51% 16.10 16.07 16.11 16.10 15.556 15.744 8,080,148 16:39:40

ArcelorMittal Gets Approval for $5.8 Billion Essar Deal in India

15/11/2019 8:57am

Dow Jones News


ArcelorMittal (EU:MT)
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   By Cristina Roca 
 

ArcelorMittal (MT.AE) has received approval from India's Supreme Court to complete its purchase of Essar Steel India Ltd., a company spokeswoman told Dow Jones Newswires on Friday.

ArcelorMittal confirmed media reports that India's top court has approved its $5.8 billion deal to acquire the bankrupt steel mill, clearing the way for the European steel giant to enter the world's second-biggest market.

At GMT 0823, shares in the Amsterdam-listed steelmaker traded 1.6% higher following the news.

 

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

 

(END) Dow Jones Newswires

November 15, 2019 03:42 ET (08:42 GMT)

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

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