Romania ArcelorMittal Iasi Hikes Share Capital To RON241M
Romanian steel pipes maker ArcelorMittal Tubular Products Iasi (TPRO.RO) will increase its share capital by 78 million lei (EUR17.9 million) to RON241 million, the company said in a statement Friday.
The funds will be used to repay part of the company’s debts, ArcelorMittal Iasi said.
ArcelorMittal Iasi will issue 31.2 million new shares at a face value of RON2.5.
The company is 96.3%-owned by ArcelorMittal Tubular Products Holding, the tubular products arm of the world’s largest steelmaker ArcelorMittal.
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