LUXEMBOURG - (Business Wire) Regulatory News:
ArcelorMittal today announces that it has provided Noble International, Ltd. (NASDAQ: NOBL) ("Noble") with a $50 million convertible subordinated loan. The proceeds of this financing will be used by Noble to reduce Noble’s North American senior debt and to support its operations.
ArcelorMittal also announces that it has agreed to acquire an additional 10.31% of shares of Noble from Robert J. Skandalaris, Noble’s chairman and founder.
This will increase ArcelorMittal’s shareholding in Noble to approximately 49.95%.
The agreement is subject to satisfaction of certain conditions.
ArcelorMittal looks forward to working closely with Noble in order to build on Noble’s success.
Noble is the world’s largest producer of laser-welded steel products.
About ArcelorMittal
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key unaudited financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
ArcelorMittal Investor Relations
Europe, +352 4792 2414
Americas, +1 312 899 3569
Retail, +352 4792 2434
SRI, +44 203 214 2854
Bonds/Credit, +33 1 71 92 10 26
or
ArcelorMittal Communications
press@arcelormittal.com
+352 4792 5000
or
ArcelorMittal Corporate Communications
Haroon Hassan, +44 20 3214 2867
Jean Lasar, +352 4792 2359
or
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn, + 44 20 7379 5151
or
Belgium
Comfi
Charles-Hubert Gernaert, +32 2 290 90 90
or
North America
Bill Steers, +1 312 899 3817
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Netherlands
Smink, Van der Ploeg & Jongsma
Leon Melens, +31 20 647 81 81
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Germany
Herring Schuppener
Phoebe Kebbel, +49 69 92 18 74 77
or
France
Image 7
Anne France Malrieu/Tiphaine Hecketsweiler,
+33 1 5370 7470
or
Spain
Ignacio Agreda, +34 94 489 4162
Oscar Fleites, +34 98 512 60 29
Keith Grant, +34 639 760 397
