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ArcelorMittal and South Africa’s development-finance institution have restarted discussions regarding the potential acquisition of ArcelorMittal’s South African operations. The steel giant had previously attempted to attract other buyers but was unsuccessful, prompting a return to negotiations with the local entity. This development aims to prevent the closure of the company’s long steel assets, which have faced significant financial challenges. While an agreement has not yet been finalized, both parties are actively working toward a viable transaction.
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