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
  -0.052 -0.32% 16.276 16.26 16.29 17.242 16.276 16.994 12,970,146 16:39:43

India Court Allows ArcelorMittal to Complete Essar Deal -Bloomberg

15/11/2019 7:45am

Dow Jones News

ArcelorMittal (EU:MT)
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--ArcelorMittal (MT) has won approval from India's top court to complete its $5.8 billion purchase of Essar Steel India Ltd., putting tycoon Lakshmi Mittal one step closer to entering the world's second-biggest market, Bloomberg reports.

--The ruling, which sets a precedent for other insolvencies, grants a panel of the bankrupt company's lenders the discretion in the distribution of funds, according to the report.


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(END) Dow Jones Newswires

November 15, 2019 02:30 ET (07:30 GMT)

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

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