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ArcelorMittal

ArcelorMittal acquires an additional 13.881% stake in ArcelorMittal Ostrava, a.s.

November 9, 2009

Luxembourg, 12 November 2009 – ArcelorMittal today announces that it has signed an agreement to acquire a 13.881% stake in ArcelorMittal Ostrava, a.s. from a subsidiary of PPF GROUP N.V., an international financial and investment group in Central and Eastern Europe, for CZK 6,879,524,000 (approximately $US 404.3 million).
This values ArcelorMittal Ostrava, a.s. at an Enterprise Value of approximately $US 264 per tonne of liquid steel capacity. The final payment will be made in 2010. …

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ArcelorMittal Q3 earnings

October 28, 2009

ArcelorMittal announced Q3 2009 earnings this morning.  See the press release here and the results presentation here.  As can be seen on the Nerds of Steel earnings spreadsheet, shipments rose from 18.7 to 20.1 million tons and EBITDA per ton rose to $79 in Q3 from $65 in Q2.   The company has now achieved its [...]

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Jeannot Krecké to be appointed* to ArcelorMittal’s Board of Directors

August 10, 2009

Luxembourg, 9 December 2009 – ArcelorMittal today announces that Georges Schmit will step down from his position as a member of the Board of Directors on 31 December, due to his appointment as Consul General of Luxembourg based in San Francisco.
In replacement of Mr. Schmit, the Board has co-opted Jeannot Krecké as an interim board member starting 1 January 2010. …

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ArcelorMittal Divests Minority Interest in Wabush Mines

August 8, 2009

Luxembourg, 9 October 2009 – ArcelorMittal has today signed a definitive agreement to divest its minority interest in Wabush Mines, Canada. ArcelorMittal’s 28.6% stake in Wabush Mines is being sold to Consolidated Thompson Iron Mines Ltd.(TSX Venture: CLM). ArcelorMittal will receive a consideration of USD34.28 million for the stake.
 ArcelorMittal’s stake in Wabush Mines is no longer a core part of the company’s mining strategy. …

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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ArcelorMittal Q1 2009 results

April 29, 2009

ArcelorMittal reported Q1 results this morning.  You can access the press release here and a slide presentation here.  The company had positive EBITDA per ton of $50 and expects slightly better results in Q2.  ArcelorMittal’s results have been added to the Nerds of Steel earnings spreadsheet.

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ArcelorMittal to launch an offer for joint control of a leading Indian re-roller

March 7, 2009

Luxembourg, 4 September 2009 (7.30 pm CET) – ArcelorMittal today announces its intention to launch a tender offer on Monday 7 September 2009 for the acquisition of 29.4% shares in Uttam Galva Steels Limited (“Uttam Galva”), a leading producer of cold rolled steel, galvanized products (comprising plain and corrugated) and colour coated coils & sheets based in Western India. The Company is listed on the major stock exchanges of India. …

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ArcelorMittal announces publication of its Half-Year Report 2009

March 7, 2009

Luxembourg, 4 August 2009 12 pm CET – ArcelorMittal announces today that is has published its Half-Year Report 2009 for the six month period ended 30 June 2009.
The Half-Year report is available at www.arcelormittal.com under Investors and Shareholders > Reports and Documents > ArcelorMittal Reports.
About ArcelorMittal
ArcelorMittal is the world’s leading steel company, with operations in more than 60 countries. …

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