South Africa’s state-owned Industrial Development Corporation (IDC) has reached an initial agreement to take over ArcelorMittal South Africa (AMSA).

South Africa is reportedly moving towards a ₹5,400 crore takeover of Lakshmi and Aditya Mittal’s steel business. Here is how ...

South Africa’s biggest development-finance institution reached an initial agreement with ArcelorMittal to take over the steel giant’s South African unit in a deal worth about R10 billion, people ...

ArcelorMittal (MT) has reached an initial agreement with the Industrial Development Corp. of South Africa to sell its South African unit in a deal valued at about 10 billion rand ($610 million), ...

The proposed transaction includes R3 billion in cash and the assumption of R7bn in debt, with completion targeted by year-end subject to a shareholder vote.

ArcelorMittal's (MT) exclusive talks with South Africa’s biggest development finance institution regarding its potential sale of its local steel operation have ended without a deal, leaving the ...

South Africa is moving towards a $610 million state takeover of ArcelorMittal’s struggling local steel business, potentially ...

The South African government is engaged in crisis negotiations with ArcelorMittal (NYSE:MT) regarding the future of the company's unprofitable steel mill in the country, Bloomberg reported Wednesday.

ArcelorMittal South Africa is planning to shut two mills and is reviewing operations at its largest plant, it said on Monday, as the money-losing unit of the world’s biggest steelmaker struggles with ...

ArcelorMittal South Africa, a unit of steel manufacturing company ArcelorMittal (NYSE:MT) has made a major restructuring decision to wind down its Longs Business, having significant consequences on ...

Some ArcelorMittal South Africa businesses are still facing challenges, as negotiations failed to prevent the closure of long steel operations, which are loss-making for the company. Among the main ...