News
06 November 2015

ArcelorMittal South Africa's $324m offer to reduce debt

Region:
Middle East & Africa

Steel manufacturer ArcelorMittal South Africa plans to raise up to $324 million in a rights offer in a bid to cut debt and invest in plants. The company said its losses this year will be 11 times bigger than in 2014.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Interview
28 April 2025

Corporate perspectives: Bembennek at thyssenkrupp sharpens...

Daniel Bembennek, head of finance and guarantees, in the decarbonisation technologies sector at thyssenkrupp, argues that long term trends towards decarbonisation are...

Interview
02 May 2025

Corporate perspectives: Export finance in an ‘It is what is’...

Andreas Back, senior manager, financial services, at Finnish energy and marine technology company, Wärtsilä, reflects on ECA-backed projects in the new global macro and...