Pavgord agreed to acquire ArcelorMittal Zenica steel plant and ArcelorMittal Prijedor iron ore mining business 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.

The deal is expected to close in the third quarter of 2025, subject to merger control clearance and the fulfilment of all conditions precedent. Until then, all operations of the company will continue as usual, with the full support of the local management team and the company leadership team.