ArcelorMittal SA Jumps by Record as Share Sale Is Priced

Updated on
  • Stock in continent's biggest steel producer climbs 50%
  • Company plans to raise as much as 4.5 billion rand in sale

ArcelorMittal South Africa Ltd. rose the most on record after the continent’s largest steelmaker said it will sell stock at a premium in its plan to raise as much as 4.5 billion rand ($320 million).

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