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The sales satisfy part of an agreement with the European
Commission related to ArcelorMittal's acquisition of Italian
steelmaker Ilva.
The Commission approved the bid for Europe's biggest steel plant
by capacity in May after ArcelorMittal pledged to sell a string
of businesses across Europe to address competition concerns.
ArcelorMittal said talks were ongoing for the sale of
ArcelorMittal Dudelange in Luxembourg and several finishing
lines in Liege, Belgium, which were the other assets included in
the agreement with the European Commission.
The steel giant said that the closing of the deal with Liberty
House, a metals and industrial group with operations covering
more than 30 countries, was subject to completion of the Ilva
acquisition.
ArcelorMittal signed a preliminary agreement last year to buy
Ilva and had been due to take control of the business on July 1,
but the deal met with resistance from Italy's new government,
which questioned the validity of the deal.
In September, however, the company reached agreement with trade
unions over the deal, prompting Deputy Prime Minister Luigi Di
Maio to say he would no longer oppose the takeover.
(Reporting by Alan Charlish in Gdynia; Editing by David Goodman)
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