Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 14

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 14
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 thereby definitively confirming the EA proceeding. As a result, ArcelorMittal has been stripped of its rights as an indirect shareholder of ADI. Similarly, ArcelorMittal has been stripped of its rights as a direct shareholder in ADI’s parent company, Acciaierie d’Italia Holding S.p.A. ("ADIH"), after the Italian government placed it in EA. This ended ArcelorMittal’s involvement in ADI, which dated back to 2018 (then ADI was known as Ilva). During its involvement, ArcelorMittal had been fully committed to the people and assets of ADI, investing over €2 billion in the business since 2018. See “Risk Factors and Control—ArcelorMittal is currently, and in the future may be, subject to legal proceedings or other proceedings, including in relation to its interest in ADI, the resolution of which could negatively affect the Company’s profitability and cash flows in a particular period.” • On March 19, 2024, ArcelorMittal announced that Kleber Silva was nominated as Executive Vice President of ArcelorMittal and appointed as Chief Executive Officer of ArcelorMittal Mining, effective April 8 , 2024. See "Management and employees —Directors and senior management—Senior management" . • On May 31, 2024, ArcelorMittal completed the acquisition of Italpannelli SRL in Italy and Italpannelli Iberica in Spain. This marks the second acquisition of Italpannelli businesses by ArcelorMittal, following the purchase of Italpannelli Germany near Trier in March 2023. Italpannelli is a manufacturer of lightweight insulation panels for roofs and façades. It operates two production plants across Europe, in Zaragoza (Spain) and Abruzzo (Italy). Combined the two facilities operate seven production lines with a capacity of 13 million square meters of sandwich panels per year, primarily serving customers in the central and eastern European, Italian and Spanish markets and employ approximately 260 people. • On November 28, 2023, ArcelorMittal South Africa announced the contemplated wind down of its Newcastle works and the broader long steel produc ts business (“Longs Business”), subject to the results of a due diligence and a consultative process involving key customers, suppliers, organized labor and other stakeholders, including the South African government. On July 2, 2024, ArcelorMittal South Africa announced that the Long