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ArcelorMittal to Sell Stake in European Port Handling, Logistics Company
05/09/2014 - ArcelorMittal and H.E.S. Beheer N.V. have signed a sale and purchase agreement for the sale of ArcelorMittal’s 78% stake in European port handling and logistics company ATIC Services S.A. to HES Beheer.
HES Beheer currently holds 22% in ATIC. This transaction would give HES Beheer 100% ownership of ATIC.
The transaction is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets. The transaction is subject to the customary closing conditions, including but not limited to competition clearance, and is expected to be completed in June 2014.
The transaction is consistent with ArcelorMittal’s stated strategy of selective divestment of non-core assets. The transaction is subject to the customary closing conditions, including but not limited to competition clearance, and is expected to be completed in June 2014.
