ArcelorMittal S. Africa to Sell More Stock Than It's Worth

Updated on
  • 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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