ArcelorMittal announced in a press release that it has submitted a proposed divestment package to the EC to address concerns the EC has raised during its review into its acquisition of Ilva.
The proposed divestment package includes ArcelorMittal Galați and other assets among which: ArcelorMittal Piombino, the Company’s only galvanized steel plant in Italy, ArcelorMittal Skopje (Macedonia), ArcelorMittal Ostrava (Czech Republic) and ArcelorMittal Dudelange (Luxembourg).
“The proposal to sell these assets remains subject to final review and approval by the EC as well as the conclusion of the information and consultation processes with local and European works councils”, says the group. Any sales would be conditional upon completion of ArcelorMittal’s acquisition of Ilva. The EC is expected to reach a final decision on the case by 23 May 2018.
Located in the South-East of Romania, ArcelorMittal Galati employs about 5,600 people and is the largest integrated steel plant in the country and leader in manufacturing metallurgical products, with a production capacity of 3 million tons of steel. ArcelorMittal has 6 operating facilities in Romania, which include Galati, Tulcea – a lime quarry, Iasi, Roman, Hunedoara and Romportmet – a captive port on the Danube.