Market Chatter: ArcelorMittal Mulls Acquiring Steel Distribution JV with CLN Amid Debt Restructuring
22 april, 13:25
22 april, 13:25
07:25 AM EDT, 04/22/2026 (MT Newswires) -- ArcelorMittal (MT.AS, MTS.MC) is mulling taking full control of a steel distribution joint venture in Italy with auto supplier CLN as part of a debt restructuring program.
Bloomberg News reported Wednesday, citing people familiar with the matter, that the steel and mining group will gain full ownership of ArcelorMittal CLN Distribuzione Italia Srl JV after converting debt into equity.
The joint venture, formed in 2015, is between ArcelorMittal and CLN, a supplier to the European carmaker Stellantis (STLAM.MI, STLAP.PA).
ArcelorMittal and CLN did not immediately respond to requests for comments from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
22 april, 13:25
07:25 AM EDT, 04/22/2026 (MT Newswires) -- ArcelorMittal (MT.AS, MTS.MC) is mulling taking full control of a steel distribution joint venture in Italy with auto supplier CLN as part of a debt restructuring program.
Bloomberg News reported Wednesday, citing people familiar with the matter, that the steel and mining group will gain full ownership of ArcelorMittal CLN Distribuzione Italia Srl JV after converting debt into equity.
The joint venture, formed in 2015, is between ArcelorMittal and CLN, a supplier to the European carmaker Stellantis (STLAM.MI, STLAP.PA).
ArcelorMittal and CLN did not immediately respond to requests for comments from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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