ArcelorMittal S-Afr. : 2012-05-10 - Media statement: ArcelorMittal Luxembourg enters into agreement re Enovos
05/10/2012| 05:13am US/Eastern
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news release
ArcelorMittal Luxembourg enters into agreement to divest its
interest in Enovos International SA
Luxembourg, 10 May 2012 - ArcelorMittal announces that it has
entered into an agreement to divest its
23.48% interest in Enovos International SA to a fund managed
by AXA Private Equity for a purchase price of EUR 330
million. This agreed transaction is in line with the declared
Group strategy of selective divestment of non-core assets.
The purchase price is split with EUR 165 million payable at
closing, with the remaining portion deferred for up to two
years. Interest will accrue on the deferred portion. Closing
of the transaction is subject to customary closing conditions
and is expected to occur prior to June 30, 2012.
AXA Private Equity is a diversified private equity firm with
$28 billion of assets managed or advised. The firm has an
international reach with nine offices in Paris, Frankfurt,
London, New York, Singapore, Milan, Zurich, Vienna and
Luxembourg.
Enovos International was formed through the merger of three
companies in 2009. As an independent energy company in the
northern European market, Enovos International's mission is
to procure, transmit and distribute electricity, natural gas
and renewable energies to municipal suppliers, industry and
private households.
The remaining shareholders in Enovos International are E-On
(10.00%), RWE (18.36%), Electrabel
GDF Suez (4.71%), the Grand Duchy of Luxembourg (25.44%),
Société Nationale de Crédit et d'Investissement Luxembourg
("SNCI") (10.01%) and Ville de Luxembourg (8.00%).
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About ArcelorMittal
ArcelorMittal is the world's leading steel and mining
company, with a presence in more than 60 countries.
ArcelorMittal is the leader in all major global carbon steel
markets, including automotive, construction, household
appliances and packaging, with leading R&D and technology.
The Group also has a world class mining business with a
global portfolio of over 20 mines in operation and
development, and is the world's 4th largest iron ore
producer. With operations in over 22 countries spanning four
continents, the Company covers all of the key industrial
markets, from emerging to mature, and has outstanding
distribution networks.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a
responsible way with respect to the health, safety and
well-being of its employees, contractors and the communities
in which it operates. It is also committed to the sustainable
management of the environment. It takes a leading role in the
industry's efforts to develop breakthrough steelmaking
technologies and is actively researching and developing
steel-based technologies and solutions that contribute to
combat climate change. ArcelorMittal is a member of the
FTSE4Good Index and the Dow Jones Sustainability World
Index.
In 2011, ArcelorMittal had revenues of $94.0 billion and
crude steel production of 91.9 million tonnes, representing
approximately 6 per cent of world steel output. The
Group's mining operations produced 54 million tonnes of
iron ore and 8 million tonnes of metallurgical coal.
ArcelorMittal is listed on the stock exchanges of New York
(MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the
Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information
about ArcelorMittal visit: www.arcelormittal.com
Contact information ArcelorMittal Investor Relations
Europe + 352 4792 2484
Americas + 1 312 899 3569
Retail + 44 203 214 3198
SRI + 44 207 543 1128
Bonds/Credit + 33 171 92 10 26
Contact information ArcelorMittal Corporate Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations) + 44 20 3214 2845
Lynn Robbroeckx + 44 20 3214 2991
Tobin Postma + 44 20 3214 2412
United Kingdom
Maitland Consultancy:
Martin Leeburn + 44 20 7379 5151
France
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Sylvie Dumaine / Anne-Charlotte Creach + 33 1 5370 7470
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