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.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: