ArcelorMittal, world‘s leading integrated steel and mining company, officially announced that, as part of the ongoing European Commission (EC) review into its acquisition of Ilva, it submitted a proposed divestment package.
According to a press release, the proposed divestment package includes the following assets: ArcelorMittal Piombino – the company’s only galvanised steel plant in Italy, ArcelorMittal Galati – Romania, ArcelorMittal Skopje – Macedonia, ArcelorMittal Ostrava – Czech Republic, ArcelorMittal Dudelange – Luxembourg; Hot dipped galvanising lines 4 and 5 in Flemalle; hot-rolled pickling, cold rolling and tin packaging lines in Tilleur, all of which are in Liège, Belgium.
”The proposal to sell these assets remains subject to final review and approval by the EC as well as the conclusion of the information and consultation processes with local and European works councils. Any sales would be conditional upon completion of ArcelorMittal’s acquisition of Ilva. The EC is expected to reach a final decision on the case by 23 May 2018,” the release reads.
ArcelorMittal Galati (former Sidex Galati) is Romania’s largest integrated steel plant. It was bought by LNM Holdings NV in 2001 from the Romanian state, for EUR 70 million.
In 2004, it became part of Mittal Steel, a company created by the merger between LNM Holdings NV and Ispat International. Two years later, following the merger between Mittal Steel and Arcelor, Sidex became ArcelorMittal Galati.
Besides the unit in Galati, ArcelorMittal has five more operating facilities in Romania.