ArcelorMittal sells 50% stake in its shipping business

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.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

North West mines urged to develop local businesses - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.North West mining companies are urged to help develop and grow local businesses. 25 years later. Mxxxxx Like which mine? government must monitor those mines that they invest back to the communities
출처: SABC News Online - 🏆 32. / 51 더 많은 것을 읽으십시오 »