14
Feb
12:32
ArcelorMittal subsidiaries to acquire Italian stainless distributor CSM
Two companies within the ArcelorMittal group, ArcelorMittal CLN and Industeel, have requested approval from European authorities to take full control of Italian flat stainless and special steels distributor and processor Centro Servizi Metalli (CSM).
Industeel, which currently owns 21% of CSM, is set to take control of 49% of the company. The Italian distribution company ArcelorMittal CLN has an almost 43% shareholding in CSM.
The remaining shares are set to …
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