Don’t miss the latest developments in business and finance.

Close to taking over ArcelorMittal unit, no plans to resell: Kazakhstan

Sharlapayev told reporters the government would not spend money from the budget on the deal, but did not say how much Kazakhstan was going to pay

ArcelorMittal
Representational image
Reuters
1 min read Last Updated : Oct 31 2023 | 12:28 PM IST
Kazakhstan's government is close to finalising the takeover of ArcelorMittal's local unit and has no plans to resell it to foreign investors afterwards, Kazakh Industry Minister Kanat Sharlapayev said on Tuesday.
 
Sharlapayev told reporters the government would not spend money from the budget on the deal, but did not say how much Kazakhstan was going to pay for the Temirtau steel mill or how it would finance the takeover.
 

More From This Section

Topics :KazakhstanArcelorMittal

First Published: Oct 31 2023 | 12:28 PM IST

Next Story