ArcelorMittal announced on June 20, 2025, that it has signed a sale and purchase agreement to sell its operations in Bosnia and Herzegovina to Pavgord Group. The sale includes ArcelorMittal Zenica, an integrated steel plant, and ArcelorMittal Prijedor, an iron ore mining business that supplies the Zenica plant.
The company concluded that the sale is the best solution for the development of the business and its employees after a thorough strategic review. All employees’ jobs at both facilities will be transferred to the new owner, Pavgord Group.
ArcelorMittal expects to record a non-cash loss on disposal of approximately $0.2 billion, including foreign exchange losses. The deal is anticipated to close in the third quarter of 2025, pending merger control clearance and other conditions.
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