First Independent Mena Newspaper
The Algerian government has been interested in buying additional 21% shares in the Annaba unit of the steel producing company, ArcelorMittal, for 200 million USD. As the state already owns 30% of the firm, such a transaction would make the Algerian government a de facto majority shareholder and owner of ArcelorMittal. The government reportedly wants […]
ArcelorMittal, the world’s largest steelmaker, has entered a partnership deal with the Sider, a state-owned company, to meet the local demand for steel as the arrival of car producing companies in the country continues. The deal was described by ArcelorMittal as a “strategic agreement” agreeing to lower its stakes at two steel complexes in favor […]