Arcelor Mittal To Shed Italian Unit Amid E.U. Concerns
The steel giant said Wednesday it would sell off its Italian operations as well as its 49.9% stake in the steel plant San Zeno Acciai-Duferco SpA to steel trading company Duferco under the agreement.
Duferco, which already owns 50.1% of that steel plant through its Duferdofin SpA unit, will also acquire Arcelor Mittal’s San Zeno Acciai units and its rolling...
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