ArcelorMittal South Africa to sell 50% stake in MIHBV to Macsteel

ArcelorMittal South Africa (AMSA) will sell its 50% stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg for $220 million. The proceeds will be used to fund working capital and investments.

“ArcelorMittal's South Africa unit will sell its 50 per cent stake in trading and shipping company MIHBV to its joint venture partner Macsteel Holdings Luxembourg for $220 million.”metalworkingnews.info

• 1 source
• metalworkingnews.infoArcelorMittal SA to sell Macsteel stake | Metalworking NewsJun 29, 2018

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