ArcelorMittal reaches initial deal for IDC takeover of South African unit worth ~$610m

ArcelorMittal has entered into an initial agreement for a potential takeover of its South African subsidiary, ArcelorMittal South Africa Limited, by the Industrial Development Corp. (IDC), South Africa's biggest development-finance institution, in a deal worth about $610 million. The early-stage deal's terms and finalization details are expected to follow.

Detected & updated continuously · Source: Nebula