Linklaters has taken the lead role on ArcelorMittal's €3.4bn (£2.9bn) demerger of its stainless and speciality steels businesses, which was approved by the company's shareholders last month (25 January). Linklaters advised longstanding client ArcelorMittal on the capital raising, which saw the businesses spun off into a new company called Aperam. As a result of the move, approximately 78 million new shares in the company have been allocated to existing shareholders.
February 08, 2011 at 06:54 AM
1 minute read
The original version of this story was published on Legalweek
Linklaters has taken the lead role on ArcelorMittal’s €3.4bn (£2.9bn) demerger of its stainless and speciality steels businesses, which was approved by the company’s shareholders last month (25 January).
Linklaters advised longstanding client ArcelorMittal on the capital raising, which saw the businesses spun off into a new company called Aperam. As a result of the move, approximately 78 million new shares in the company have been allocated to existing shareholders.
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