# 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.

- Type: Acquisition
- Announced: 2018-06-29
- Value: $220.0M
- Status: announced
- Products: steel trading and shipping
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal South Africa](https://endata.com/companies/15215.md) (partner)
- [Macsteel Holdings Luxembourg](https://endata.com/companies/32843.md) (acquirer)
- [MIHBV](https://endata.com/companies/32844.md) (target)

## Sources

- [metalworkingnews.info](https://metalworkingnews.info/arcelormittal-sa-to-sell-macsteel-stake/), 2018-06-29: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.