ArcelorMittal plans to exit from Romania-based plant

The Galati-based steel plant of ArcelorMittal is part of the divestment package the company proposed to the European Commission, the executive arm of the European Union. The company needs the green light from the EC as it attempts to take over an Italian steel maker. The steelmaker proposal comes amid the ongoing review of the EC into the EUR 1.8 billion bid for Italian peer Ilva. Aside from the plant in Romania, ArcelorMittal wants to sell the following assets: ArcelorMittal ...

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