Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / MT - ArcelorMittal seeks EU approval to buy Liberty Steel's French mills

MT - ArcelorMittal seeks EU approval to buy Liberty Steel's French mills

Arcelor Mittal NY Registry Shares NEW
ArcelorMittal ([[MT]] -2.4%) has filed with the European Union to seek approval to buy Liberty Steel's French assets from owner Sanjeev Gupta.The mills sought creditor protection in April amid financial distress at Gupta's GFG Alliance, which owns the the Ascoval and Hayange plants; GFG is now the target of a U.K. probe into possible fraud and money laundering.The EU has not given a deal fast-track "simplified" status that would allow for a quick approval; the deadline for ruling on the deal is July 9.ArcelorMittal recently concluded what it called its "strongest in a decade" Q1 amid surging steel prices.

For further details see:

ArcelorMittal seeks EU approval to buy Liberty Steel's French mills
Stock Information
Company Name: Arcelor Mittal NY Registry Shares NEW
Stock Symbol: MT
Market: NYSE
Website: arcelormittal.com
Menu
MT MT Quote MT Short MT News MT Articles MT Message Board
Get MT Alerts

News, Short Squeeze, Breakout and More Instantly...