ArcelorMittal South Africa says talks on potential transaction reach advanced stage
MT•Talks on potential transaction advance
ArcelorMittal South Africa says it has ongoing talks with ArcelorMittal Group and the Industrial Development Corporation over a potential transaction.
The parties are at an advanced stage to finalise an agreement, following delays to earlier timelines.
Any deal remains conditional on definitive agreements and required approvals.
Shareholders were told to maintain caution in trading the company’s securities pending further updates.
