Commission Decision No. 37-M-031/2018
Acquisition by Macsteel Global S.à.r.l. B.V. of Shares in Macsteel International Holdings B.V.

ABSTRACT:

The target firm in the proposed transaction, Macsteel International Holdings B.V. (“MIHBV”), is a joint venture company whose shares are held 50% by Macsteel Global S.à.r.l. B.V. (“MacGlobal”) and 50% by MSSA Investments B.V. (“MSSA”), a wholly-owned subsidiary of ArcelorMittal South Africa Limited (a company controlled by ArcelorMittal S.A.). MacGlobal will acquire the remaining 50% of the shares in MIHBV which it does not already own, from MSSA.

Link: https://phcc.gov.ph/commission-decision-no-37-m-031-2018-acquisition-by-macsteel-global-s-a-r-l-b-v-of-shares-in-macsteel-international-holdings-b-v/