PE Firm Among Investors in ArcelorMittal Mines Canada - Report
South Korean private equity firm EQ Partners is reported to be part of the consortium that bought a 15% stake in ArcelorMittal Mines Canada, Inc. (AMMC) from Luxembourg's ArcelorMittal SA for US$1.1 billion. The New York Times reported that EQ Partners is one of the financial investors in the pending deal. South Korean steelmaker POSCO and Taiwan's China Steel Corp. led the investor group, according to the announcement on January 2, 2013 (below). The Montréal- based ArcelorMittal Mines Canada operates a major iron ore mine and related infrastructure in the Labrador Trough of Québec.
11 January 2013•3 mins read
