ArcelorMittal: set to sell assets in Canada?
(CercleFinance.com) - The ArcelorMittal share is up 0.
8% on Monday morning, thereby outperforming the market in Paris (CAC 40: -0.2%), while the steelmaker is considering a divestment of its infrastructure assets in Canada, according to an article in the Financial Times.
Thouight on the matter is not over yet, although a sale could help the group reach its target of reducing net debt from 9.5 billion to 7 billion dollars, Aurel BGC points out, specifying that it would notably involve a railway line in Quebec.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
8% on Monday morning, thereby outperforming the market in Paris (CAC 40: -0.2%), while the steelmaker is considering a divestment of its infrastructure assets in Canada, according to an article in the Financial Times.
Thouight on the matter is not over yet, although a sale could help the group reach its target of reducing net debt from 9.5 billion to 7 billion dollars, Aurel BGC points out, specifying that it would notably involve a railway line in Quebec.
Copyright (c) 2020 CercleFinance.com. All rights reserved.