Pavgord agreed to acquire ArcelorMittal Zenica and ArcelorMittal Prijedor from ArcelorMittal S.A. (ENXTAM:MT) on June 20, 2025.

Under the terms of the transaction, ArcelorMittal?s shares in ArcelorMittal Zenica and ArcelorMittal Prijedor will be sold to Pavgord Group, and all employees? jobs are transferred to the new owner. Net of sale proceeds, the company expects to record a non-cash loss on disposal.

The transaction is subject to merger control clearance and the fulfilment of all conditions precedent.

The deal is expected to close in the third quarter of 2025