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| Name | Symbol | Market | Type |
|---|---|---|---|
| Arcelor Mittal (PK) | USOTC:AMSIY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.1305 | 0.13 | 0.245 | 0.00 | 01:00:00 |
From Jul 2019 to Jul 2024
ArcelorMittal South Africa Ltd. (ACL.JO) Thursday said a pending deal to buy Imperial Crown Trading, a company that holds rights to a mine the steelmaker previously held, for 800 million rand, has lapsed.
"The proposed acquisition was subject to the fulfillment of certain conditions precedent and on Aug. 12 the agreement lapsed without all the conditions being fulfilled," ArcelorMittal South Africa, a unit of ArcelorMittal (MT), said.
The steelmaker entered into an agreement in August 2010 to purchase the company after its 21.4% stake in the South Africa's largest iron ore mine, Sishen, was awarded to ICT by the Department of Minerals.
The remainder of Sishen is owned and operated by Kumba Iron Ore Ltd. (KIO.JO). Sishen is ArcelorMittal's main supplier of iron ore in the country.
ICT's Sishen stake is currently in South Africa's High Court for review. Kumba is arguing that ICT shouldn't have been awarded the right over itself.
-Devon Maylie, Dow Jones Newswires; +27 11 783 7848; devon.maylie@dowjones.com
1 Year Arcelor Mittal (PK) Chart |
1 Month Arcelor Mittal (PK) Chart |
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