The world’s largest steel producer ArcelorMittal has sold another 2 percent of its shares in Ereğli Iron and Steel Factory (Erdemir). The sale came after the stock rally, which made the Borsa Istanbul 100 Index close at a record level on January 2.
The shares of ArcelorMittal, one of the world’s major steel producers, in Erdemir are held by two subsidiaries, Expert Placement Services Limited and Arcelor Investment Services. According to the information on the shareholding structure of Erdemir on the Public Disclosure Platform, the share of Expert Placement Services has decreased by two points since December 29, while the total share of the two companies in Erdemir decreased from 12.1 percent to 10.1 percent as of this morning.
The nominal value of Erdemir shares in Expert Placement Services decreased from TL 245.3 million to TL 175.3 million during this period.