Aceralia gives offer for Arcelor's stakes in its capital

Aceralia gives offer for Arcelor's stakes in its capital

According to reports, Arcelor and Aceralia decided that the latter gives an offer for the de-listing of Arcelor's 95.03% shares in Aceralia. Aceralia's offer to pay €17 ($20.4) per share in cash has to receive some approvals from several authorities. This proposal to the board of directors of leading steel producer of Spain, Aceralia will be made in the general shareholders' meeting which will take place on December 9.