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Arcelor Mittal - juli op naar de 12

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mvliex 1
0
July 06, 2020
ArcelorMittal and Nippon Steel win ‘Deal of the Year’ for acquisition of Essar Steel

ArcelorMittal and Nippon Steel's joint venture, AM/NS India?, won? the Deal of the Year Award from the S&P Platts 2020 Global Metals Awards for completing the $5.7 billion acquisition of Essar Steel India Limited last year, a fully integrated steel producer in India that entered insolvency in 2017.

The Deal of the Year award recognises the challenges, financial results, leadership, scope and strategic vision of asset buyouts, joint ventures, strategic company alliances or full company mergers or acquisitions, as well as strategic spin-offs that strengthened organisations. The awards program, hosted by S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, saw 96 finalists from 23 countries vie for recognition in 15 categories.

AM/NS India's acquisition of Essar Steel India stood out for the Deal of the Year award as it was the largest private-sector transaction to close in India during 2019, and the second-largest steel transaction globally that year.

ArcelorMittal and Nippon Steel faced intense competition from other interested parties in Essar, as well as a multiplicity of legal challenges in India, even at the Supreme Court.

Confident of the strong strategic rationale for the transaction and the potential for the partners to turn around Essar Steel, AM/NS India remained committed and resolute throughout the 865-day long process, emerging as the winner of an auction with all legal obstacles resolved.

The acquisition provides both ArcelorMittal and Nippon Steel a sizeable entry into the high-growth Indian steel market, where steel consumption is expected to grow on average around 6% annually over the next 10-15 years. Neither joint venture partner had any production capability in India before the acquisition.

The acquisition target includes an integrated steel facility in India's fast growing western market, upstream facilities including pellet plants with a capacity of 14 million mt/year in the resource rich eastern states, and further downstream facilities and service centers across the country. The main steel plant acquired has a crude steel capacity of 9.6 million mt/year. Main steel products include hot-rolled, cold-rolled, galvanized, coated steel sheets, steel plates and steel pipes. The deal primarily includes assets located in India but also facilities in Indonesia, the Middle East and the Americas.

corporate.arcelormittal.com/media/new...

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quote:

PANGEA schreef op 7 juli 2020 20:15:

ff leuke quizvraag, wie het weet mag het zeggen: ArcelorMittal in zee met??
Met de Smurfen, en als leider Gr Smurf13???
PANGEA
0
quote:

mvliex 1 schreef op 7 juli 2020 21:02:

[...]Een Italiaanse kraanmachinist?
Fout, nog een keer
PANGEA
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quote:

Stokely schreef op 7 juli 2020 21:12:

[...]
Met de Smurfen, en als leider Gr Smurf13???
Fout, nog een keer
PANGEA
0
quote:

ramp 2017 schreef op 7 juli 2020 22:02:

kripto .... ik heb hetver ( nog ) niet zo op....
Als je het er straks wel ineens op hebt ben je misschien te laat
voda
0
Beursupdate: AEX op Wall Street

(ABM FN-Dow Jones) Op Wall Street zijn dinsdag acht van de negen AEX-genoteerde fondsen ten opzichte van het slot in Amsterdam lager gesloten. Unilever was met een winst van 0,6 procent de enige stijger. Aegon was met een verlies van 2,4 procent de sterkste daler.

Aegon (-2,4%)
ArcelorMittal (-1,1%)
ASML (-0,9%)
Galapagos (-0,7)
ING Groep (-2,1%)
Philips (-0,6%)
RELX (-0,5%)
Royal Dutch Shell (-1,2%)
Unilever (+0,6%)

Euro/dollar: 1,1270

Op basis van de bovenstaande koersuitslagen zou de AEX index, die sloot op 575,52 punten, zijn geëindigd op 572,15 punten.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.
mvliex 1
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quote:

PANGEA schreef op 7 juli 2020 22:40:

[...]

Als je het er straks wel ineens op hebt ben je misschien te laat
Zijn dan alle 86,7 miljard digitale muntjes op? Dan maken ze er toch gewoon een paar bij.
;-)
snuf13
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ramp 2017
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quote:

PANGEA schreef op 7 juli 2020 22:40:

[...]

Als je het er straks wel ineens op hebt ben je misschien te laat
denk dat ik toch liever grond of goud heb iets tastbaars
ramp 2017
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quote:

snuf13 schreef op 8 juli 2020 09:05:

Dat wordt weer een enorm spektakel vandaag.....

Wordt het de 9 of de 10?
voor jouw 19 heb je ze alle twee ...
snuf13
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quote:

ramp 2017 schreef op 8 juli 2020 09:12:

[...]

voor jouw 19 heb je ze alle twee ...
Dank je wel, aardig van je!!!!!
voda
1
ArcelorMittal Adopts DNV GL’s VeChain based My Care for UK Office

ArcelorMittal has adopted DNV GL’s VeChain-based My Care application is to be used in ArcelorMittal’s UK Mayfair office to help the company manage its infectious risk. DNV GL says ArcelorMittal’s UK Mayfair office has successfully achieved a positive readiness assessment against My Care methodology.

Mid-June 2020, DNV GL announced the launch of My Care, a hospital-standard VeChain-based infection risk management app to help companies worldwide mitigate, manage, and access COVID-19 risk. The idea by DNV GL is based on VeChain’s blockchain technology. The idea is to be majorly supported by the VeChain ToolChainTM BaaS Platform.

Managing infection risk during the COVID-19 pandemic requires a new approach to disease control and prevention. My Care is DNV GL’s infection risk management approach that has been developed to assess, manage and mitigate infection risk in management systems, business processes and operations. My Care incorporates local regulations and guidelines.

Source : Strategic Research Institute
voda
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Winners of S&P Platts 2020 Global Metals Awards

Metals Company of the Year - Hydro

CEO of the Year - Barbara R. Smith, Commercial Metals Company

Lifetime Achievement Award - Rannveig Rist, Rio Tinto Iceland

Deal of the Year - ArcelorMittal & Nippon Steel, Joint venture

Corporate Social Responsibility Award - JSW Steel

Aluminium Industry Leadership Award - Hydro

Precious Metals Industry Leadership Award - Digix Global

Raw Materials & Mining Industry Leadership Award - Roy Hill

Scrap & Recycling Industry Leadership Award - ICD Alloys & Metals

Steel Industry Leadership Award - POSCO

Financial Metals Service Provider of the Year - BMO Harris Bank NA

Physical Metals Service Provider of the Year - Leeco Steel

Rising Star Company Award - Open Mineral

Rising Star Individual Award - Jay Hambro, GFG Alliance

Breakthrough Solution of the Year - Hydro

Source : Strategic Research Institute
snuf13
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mvliex 1
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quote:

snuf13 schreef op 8 juli 2020 13:00:

Wat een spanning, het is om te snijden......

Het is bijna niet om aan te zien!
Sta je voor de spiegel?
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