Morocco: Arcelor raises interest in Sonasid in association with SNI and local partners

摘要

Arcelor, the world's second largest steelmaker, currently in the throes of bid talks, has raised its stake in Morocco's So-nasid in a deal that values Sonasid at 5.265 billion Moroccan dirhams (612 million dollars). lt will enable Arcelor to strengthen its positions on markets with high growth potential, Arcelor Senior Executive Vice President Roland Junck said in a statement. Arcelor said it had, together with a group of investors, transferred its stake in Sonasid to an ad hoc holding company at a price of 1,350 Moroccan dirhams (157 dollars) per Sonasid share.