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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Arcelor Mittal New | NYSE:MT | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.19% | 26.02 | 26.37 | 26.13 | 26.32 | 1,449,631 | 01:00:00 |
From May 2019 to May 2024
By Alex MacDonald
LONDON--Steel titan ArcelorMittal (MT) said Wednesday it has agreed to sell its majority stake in European port handling and logistics company ATIC Services SA to HES Beheer NV (HES.AE) for an undisclosed price.
The sale of a 78% stake in ATIC to logistics firm HES Beheer, which already owns a 22% stake in the port handler, is consistent with ArcelorMittal's strategy to sell non-core assets, the steelmaker said.
The deal is expected to close in June 2014, the company said.
ArcelorMittal acquired a 33.4% stake in ATIC Services in December 2011 for $34 million.
ATIC is a leading European provider of logistic services relating to the coal industry, headquartered in France.
Write to Alex MacDonald at alex.macdonald@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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