Korea’s EQ Partners supports ArcelorMittal deal – report
South Korean private equity firm EQ Partners is said to be part of the Asian consortium that has acquired a 15% stake in ArcelorMittal Mines Canada (AMMC) for $1.1 billion. Other investors include South Korean steelmaker Posco and Taiwan’s China Steel Corporation.
ArcelorMittal will continue to hold an 85% share in AMMC, which owns the Labrador Trough iron ore mining and infrastructure assets, and operate the company as a joint venture with the new investors. As...
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