LUXEMBOURG--(BUSINESS WIRE)--Regulatory News:
The Extraordinary General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions on the agenda including the primary one, the spin-off of ArcelorMittal’s stainless and specialty steels business into Aperam, a newly created company.
963 117 270 shares, or 61,7 % of the Company's share capital, were present or represented at the meeting. The primary resolution on the meeting's agenda was adopted by the shareholders by an overwhelming majority. Full technical and commercial details relating to the spin-off of ArcelorMittal's stainless and specialty steels business into Aperam are available on ArcelorMittal's website www.arcelormittal.com under "Investors and Shareholders - Extraordinary General Meeting 25 January 2011".
In order for ArcelorMittal shareholders to receive Aperam shares as a result of the spin-off approved at today's extraordinary general meeting, shareholders must hold ArcelorMittal shares on the record date, January 28, 2011.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude steel production of 73.2 million tonnes, representing approximately 8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal visit: www.arcelormittal.com