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ArcelorMittal agrees acquisition of CSP in Brazil

Globe Newswire - Thu Jul 28, 2022

28 July 2022, 07:00 CET

ArcelorMittal (the ‘Company’) today announces it has signed an agreement with the shareholders of Companhia Siderúrgica do Pecém (‘CSP’) to acquire CSP for an enterprise value of approximately $2.2 billion. Transaction closing is subject to certain corporate and regulatory approvals, including CADE (Brazilian antitrust) approval which is expected by late 2022.

Read more at globenewswire.com

Provided Content: Content provided by Globe Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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