Steel giant ArcelorMittal said Tuesday it had completed a $3 billion rights issue aimed at cutting
its debt amid a global steel glut.
The group, the world's largest steelmaker, announced a total subscription rate of 126.9 percent
The group, the world's largest steelmaker, announced a total subscription rate of 126.9 percent
and issued 1.6 billion new shares after strong investor support.
ArcelorMittal announced the rights issue in February, saying it would use the net proceeds to
ArcelorMittal announced the rights issue in February, saying it would use the net proceeds to
reduce debt and bolster its balance sheet.
The company posted a $6.7 billion loss in the fourth quarter of 2015 amid falling commodity prices
The company posted a $6.7 billion loss in the fourth quarter of 2015 amid falling commodity prices
for a 2015 net loss of $7.95 billion.
Nenhum comentário:
Postar um comentário