Page 9 - Arcelormittal

ArcelorMittal to sell assets to Liberty House as part of Ilva acquisition

The steel giant said that the closing of the deal with Liberty House, a metals and industrial group with operations covering more than 30 countries, was subject to completion of the Ilva acquisition

ArcelorMittal in talks with lenders on payment of dues as deadline looms

The Supreme Court had on October 4 granted time to ArcelorMittal and Numetal to clear dues for NPAs to be eligible to bid for Essar Steel

SC to decide on eligibility of ArcelorMittal and Russia's NuMetal: CoC

A bench of Justices R F Nariman and Indu Malhotra was told by Gopal Subramaniam, representing the COC, that the concept of "lifting of corporate veil" has to be given "exhaustive" interpretation

Arcelor wrongly allowed to pay dues after bidding for Essar Steel: NuMetal

ArcelorMittal had earlier claimed that NuMetal was not eligible to bid for Essar Steel on several grounds

SBI-led banks asked ArcelorMittal to pay dues of two firms: NuMetal to SC

SC had earlier asked NuMetal to establish that there was "subterfuge" on part of rival ArcelorMittal in divesting its shares in two debt-ridden firms before bidding for Essar Steel

ArcelorMittal needs lenders' nod on Uttam Galva Steels shares, says SBI

Sale of shares by Mittal violates non-disposal agreement, says the bank

ArcelorMittal's raised offer for Essar Steel plunges shares by 2.6%

ArcelorMittal had raised its bid to Rs 420 billion, well above the 305 billion reported earlier

Essar Steel auction: SC to hear ArcelorMittal's plea against NCLAT tomorrow

A bench of Chief Justice Dipak Misra and Justices A M Khanwilkar and D Y Chandrachud said, 'We will hear the plea tomorrow'

Legal plot twists spoiling the show for ArcelorMittal in Essar Steel case

London-based billionaire Lakshmi Mittal is being arm-twisted into ponying up $1 bn to settle two other, unconnected non-performing loans to Indian banks to be able to win the race for Essar Steel

ArcelorMittal reaches Ilva deal with unions, opening way for takeover

ArcelorMittal signed a preliminary agreement last year to buy Ilva, which has the largest steel-producing capacity in Europe

ArcelorMittal urges NCLAT to disqualify NuMetal's bid for Essar Steel

The NCLAT had on May 22 ordered status quo on insolvency of Essar Steel for two months as it admitted petitions of Numetal and ArcelorMittal over the bidding eligibility

ArcelorMittal points to Essar Steel lenders' backing in NCLAT

People close to the development said Abhishek Manu Singhvi, appearing for ArcelorMittal, read out certain parts from the petition filed by the CoC during the hearing at NCLAT on Wednesday.

ArcelorMittal's Luxembourg headquarters to consume 6,000 tonnes of steel!

W&A was selected by a nine-person jury chaired by Aditya Mittal following a competitive process with designs proposed by many of the world's leading architects.

NCLAT defers Hearing on ArcelorMittal pleas till July 2

The appellate tribunal is closing for a month for summer vacation.

ArcelorMittal pays Rs 70 billion to become eligible bidder for Essar Steel

The payment relates to dues on account of Uttam Galva Steels and KSS Petron, both classified as non-performing assets (NPAs) for more than a year

Working 'very closely' with L N Mittal on Arcelor's future plan: Son Aditya

ArcelorMittal is in the race to acquire debt-laden Essar Steel which is undergoing insolvency proceedings

ArcelorMittal's Q1 net surges 13% to $2.51 bn on buoyant metal prices

The company said the outlook for 2018 had improved as the year progressed

ArcelorMittal hires Bank of America to sell European steel assets

The EU antitrust watchdog decided to clear Arcelor's offer on Tuesday, after seeking feedback from rivals and customers on the concessions

Mapping insolvency: ArcelorMittal may pay off dues as 'goodwill gesture'

The CoC is expected to meet on Saturday, after which a formal notice for 'curing' the ineligibility is likely to be served to ArcelorMittal and Numetal

ArcelorMittal hits out at JSW, calls Ispat Monnet decision 'mockery'

Jindal firm dismisses charges; ArcelorMittal's comments come just ahead of Monnet's resolution plan being filed for approval with NCLT