ArcelorMittal Launches Offer to Acquire Minority Shareholding In ArcelorMittal Ostrava a.s.
11 Giugno 2010 - 4:30PM
Business Wire
Regulatory News:
The shareholders of ArcelorMittal Ostrava a.s. today agreed at
an Extraordinary General Meeting in Ostrava that ArcelorMittal
would acquire the 3.57% of the company's shares that it does not
already own.
The price per share of 4,000 CZK offered by ArcelorMittal is
based on an independent expert valuation of ArcelorMittal Ostrava
a.s. conducted by PriceWaterhouseCoopers Ceska republika and was
agreed to be fair by theBoard of Directors of ArcelorMittal Ostrava
a.s. The total consideration for the minority share will be
1,769,648,000 CZK (approximately 82 million USD) and will be paid
to the relevant shareholders later this year.
In January 2010, ArcelorMittal increased its stake in
ArcelorMittal Ostrava a.s. to 96.43% thereby enabling it to
exercise its right to acquire all outstanding shares in
ArcelorMittal Ostrava a.s., as provided under the Czech Commercial
Code.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude
steel production of 73.2 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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