Pavgord Group to acquire ArcelorMittal’s Zenica steel and Prijedor mining operations.

Pavgord Group, a Bosnian industrial conglomerate, agreed to acquire ArcelorMittal’s integrated steel mill in Zenica and iron‑ore mine in Prijedor, Bosnia and Herzegovina. Financial terms were not disclosed. “ArcelorMittal acknowledges the support of the government of Bosnia and Herzegovina, and the government of the Federation and Republika Srpska, during the 21 years that the company has been operating in the country. We believe the company will continue to be a major contributor to the economy of Bosnia and Herzegovina. We thank all our employees at ArcelorMittal Zenica and ArcelorMittal Prijedor for their hard work and passionate engagement during all these years and wish them all the best for the future, as well as to Pavgord Group in this new phase," Sanjay Samaddar, ArcelorMittal President.