ArcelorMittal to raise $3b from investors, sell $1b stake in Gestamp to combat industry slump

ArcelorMittal to raise $3b from investors, sell $1b stake in Gestamp to combat industry slump

Photo: Pixabay

ArcelorMittal plans to raise $3 billion from investors and sell a $1 billion stake in Spanish auto-parts maker Gestamp as the world’s largest steelmaker looks to ride out an industry slump caused by record Chinese exports.

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