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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ArcelorMittal    MT   LU1598757687

ARCELORMITTAL

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ArcelorMittal : EU Approves Liberty House as Buyer for ArcelorMittal Assets

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04/17/2019 | 09:46am EDT

By Nathan Allen

European antitrust authorities on Wednesday approved the sale of several ArcelorMittal (MT.AE) steel plants to London-based metals company Liberty House Group.

The European Commission said there was only limited overlap between Liberty House's current activities and the divested assets, which include steel mills in Romania and the Czech Republic, as well as finishing plants in Western Europe and North Macedonia.

ArcelorMittal sold the assets to gain approval for its 1.8 billion-euro ($2.03 billion) takeover of Italian steelmaker Ilva SpA.

The commission had concerns that the takeover would reduce competition for certain types of flat steel products in Europe.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ARCELORMITTAL 3.46% 12.202 End-of-day quote.-32.88%
ARCELORMITTAL -0.87% 12.11 Delayed Quote.-32.72%
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Financials (USD)
Sales 2019 73 795 M
EBIT 2019 2 796 M
Net income 2019 997 M
Debt 2019 9 520 M
Yield 2019 1,77%
P/E ratio 2019 14,0x
P/E ratio 2020 4,70x
EV / Sales2019 0,31x
EV / Sales2020 0,30x
Capitalization 13 688 M
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Technical analysis trends ARCELORMITTAL
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 21,75  $
Last Close Price 13,53  $
Spread / Highest target 129%
Spread / Average Target 60,8%
Spread / Lowest Target -50,4%
EPS Revisions
Managers
NameTitle
Lakshmi Niwas Mittal Chairman & Chief Executive Officer
Aditya Mittal President & Chief Financial Officer
Brian E. Aranha CTO, Executive VP, Head-Research & Development
Michel Wurth Non-Independent Non-Executive Director
Vanisha Mittal Bhatia Non-Independent Non-Executive Director
Sector and Competitors
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ARCELORMITTAL-32.72%13 701
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POSCO--.--%13 800
NIPPON STEEL CORP-21.46%12 569
NOVOLIPETSK STEEL PAO-8.74%12 514
NOVOLIPETSK STEEL PAO--.--%12 514