ArcelorMittal S. Africa to Sell More Stock Than It's WorthBy
Company's largest shareholder to convert loans into equity
ArcelorMittal sees full-year loss climbing 11 times from 2014
ArcelorMittal South Africa Ltd. plans to raise as much as 4.5 billion rand ($324 million) in a rights offer to reduce debt and invest in plants as the continent’s biggest steelmaker said its 2015 loss will be 11 times bigger than last year’s.
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