ArcelorMittal to Vote on Changing Capital Currency to US Dollar From Euro
12 Aprile 2018 - 7:49AM
Dow Jones News
By Marc Bisbal Arias
ArcelorMittal (MT.AE) said Thursday that it will propose to
shareholders that it changes the currency of its share capital to
U.S. dollars from euros.
The steelmaker said the change would simplify the company's
reporting process, given that it prepares its consolidated
financial information in dollars and its parent uses it as its
functional currency.
ArcelorMittal will hold a vote on the proposal at its
extraordinary general meeting on May 16.
Write to Marc Bisbal Arias at marc.bisbalarias@dowjones.com
(END) Dow Jones Newswires
April 12, 2018 01:34 ET (05:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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