ArcelorMittal sells 233,169,183 Shares in Erdemir
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH DOING SO WOULD BE PROHIBITED BY APPLICABLE LAW
Luxembourg, 8 October 2013: ArcelorMittal announces the sale of 233,169,183 shares (the “Shares”) in Eregli Demir ve Çelik Fabrikalari T.A.S. (“Erdemir”) by way of a single accelerated bookbuilt offering to institutional investors. The sale has generated proceeds of approximately US$267million.
Prior to the sale, ArcelorMittal owned 655,969,154 Shares in Erdemir, representing approximately 18.74% of Erdemir’s share capital. Following completion of the sale, ArcelorMittal will hold approximately 12.08% of Erdemir’s share capital.
ArcelorMittal has agreed to a 180-day lock-up period on its remaining stake in Erdemir.
The sale was managed by Citigroup Global Markets Limited acting as Sole Bookrunner
Bron: Arcelor Mittal website
Daar is het nieuws voor AM deze morgen