ArcelorMittal announces that it has entered into an agreement to divest its 23.48% interest in Enovos International SA to a fund managed by AXA Private Equity for a purchase price of EUR 330 million.
This agreed transaction is in line with the declared group strategy of selective divestment of non core assets.
Closing of the transaction is subject to customary closing conditions and is expected to occur prior to June 30th 2012.
As an independent energy company in the Northern European market, Enovos International’s mission is to procure, transmit and distribute electricity, natural gas and renewable energies to municipal suppliers, industry and private households.
