Brussels — ArcelorMittal, the world’s largest steelmaker, has agreed to sell a 50% stake in its shipping business, the first step in its plan to offload $2bn worth of assets by the middle of 2021 to reduce its debt
The company, which had net debt of $10.7bn at the end of September, said on Monday that the sale of the stake in Global Chartering to DryLog would cut its debt by $530m. It has a target to pull it below $7bn.GCL operates 28 dry cargo vessels, 25 of which are on long-term leases with three owned outright, and will continue to handle a share of ArcelorMittal’s shipments.
and Mbalula wants to start a state owned Shipping company 🙄
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
ArcelorMittal sells 50% stake in its shipping businessThe world’s largest steelmaker plans to offload more assets to reduce its debt to below $7bn
Fuente: BDliveSA - 🏆 12. / 63 Leer más »
ArcelorMittal sells 50% stake in its shipping businessThe world’s largest steelmaker plans to offload more assets to reduce its debt to below $7bn
Fuente: BDliveSA - 🏆 12. / 63 Leer más »