Alain Gabriel

Andrew Jones

Bastian Synagowitz

Ephrem Ravi

Maxime Kogge

Tristan Gresser

Boris Bourdet

Dominic O'Kane

Tom Zhang

Cole Hathorn

Patrick Mann

Matt Greene

Matthew Greene

Philip Gibbs

Timna Tanners

- ArcelorMittal announced the issuance of **€650,000,000 3.250 per cent notes** due **September 30, 2030**.  **[1243429_0001243429-25-000079_am-emtnseptember2025xclosi.htm:0]** 
- The issuance closed on **September 30, 2025**, with the notes issued under the company's wholesale Euro Medium Term Notes Programme.  **[1243429_0001243429-25-000079_am-emtnseptember2025xclosi.htm:0]** 
- The proceeds from this issuance will be used for **general corporate purposes and refinancing of existing indebtedness**.  **[1243429_0001243429-25-000079_am-emtnseptember2025xclosi.htm:0]**

ArcelorMittal announces issuance of €650 million notes

- South Africa's Industrial Development Corporation (IDC) is preparing a potential bid of approximately **R8.5 billion ($491 million)** to acquire control of ArcelorMittal South Africa's operations.  **[1243429_e7d6e04ac9b84b56ac06b9908ccfdbaf]** 
- The bid, which includes repaying a loan and a cash component, represents a significant premium over ArcelorMittal South Africa's current market value of around **1.5 billion rand**.  **[1243429_e7d6e04ac9b84b56ac06b9908ccfdbaf]** 
- The **six-month due diligence agreement** between IDC and ArcelorMittal for this potential deal is set to expire **today, September 30, 2025**, marking a critical decision point.  **[1243429_e7d6e04ac9b84b56ac06b9908ccfdbaf]** 
- This potential acquisition follows ArcelorMittal's November 2023 announcement to close two key steel mills in South Africa due to operational challenges such as high power costs and unreliable rail services.  **[1243429_e7d6e04ac9b84b56ac06b9908ccfdbaf]**

IDC Prepares Bid to Acquire ArcelorMittal South Africa Operations

ArcelorMittal (MT)