Cleary Gottlieb represented ArcelorMittal in its sale of 233,169,183 shares (an approximately 6.7% stake) in the Turkish steelmaker Erdemir by way of a single accelerated bookbuilt offering to institutional investors (including to QIBs in the United States). The sale, which was effected overnight on October 7th and settled on October 10th, was managed by Citigroup acting as Sole Bookrunner.
Longstanding Cleary Gottlieb client ArcelorMittal is the world’s largest and most global steel producer as well as a leading mining company.
