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ArcelorMittal plans $3 billion capital increase
2016年2月5日 / 早上6点18分 / 2 年前

ArcelorMittal plans $3 billion capital increase

BRUSSELS, Feb 5 (Reuters) - ArcelorMittal, the world’s largest steelmaker, said on Friday it planned to raise $3 billion in fresh capital in a bid to reduce debt in the face of weak steel and mining sectors.

The company said it would also receive some $1 billion from the sale of a 35 percent stake in automotive steel specialist Gestamp.

“This capital raise, combined with the sale of our minority shareholding in Gestamp, will accelerate the company’s debt reduction plans and enable us to reduce net debt to less than $12 billion,” Chief Executive Lakshmi Mittal said in a statement.

Reporting By Philip Blenkinsop; editing by Robert-Jan Bartunek

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