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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

ArcelorMittal sells 50% stake in its shipping businessThe world’s largest steelmaker plans to offload more assets to reduce its debt to below $7bn and Mbalula wants to start a state owned Shipping company 🙄
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

ArcelorMittal sells 50% stake in its shipping businessThe world’s largest steelmaker plans to offload more assets to reduce its debt to below $7bn and Mbalula wants to start a state owned Shipping company 🙄
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »

Why Steve McQueen’s Bullitt Mustang won’t be sold at a top auction house | IOL Business ReportSean Kiernan is the owner of the 1968 Ford Bullitt Mustang that could become the most expensive Mustang ever sold when it hits the auction block.
แหล่ง: IOL - 🏆 46. / 51 อ่านเพิ่มเติม »