In line with the shareholding structure of the BMB joint venture, ArcelorMittal will be the majority shareholder (55.5%) of the steel cord entity in Sumaré and Bekaert will hold the remaining shares (44.5%).
The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of 2017.
Both partners aim at a smooth transition process to ensure continued excellent supply and service to the customers.
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