China Oriental Group and ArcelorMittal to form two joint ventures in a $1.84bn deal.

Synopsis

China Oriental Group, an investment holding company which engages in the trading of steel products and iron ore, and ArcelorMittal, a steel producer, agreed to form two joint ventures in a $1.84bn deal.

Principals

target

Two China Oriental/ Arcelormittal Joint Ventures

bidder

ARCELORMITTAL

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Market Context