Arcelormittal to sell assets

Arcelormittal, the world’s largest steel producer, will sell its steelmaking facilities in the Czech Republic, Romania, Macedonia and Italy to Liberty House, it said on Friday.

The sales satisfy part of an agreement with the European Commission related to Arcelormittal’s acquisition of Italian steelmaker Ilva.

The commission approved the bid for Europe’s biggest steel plant by capacity in May after Arcelormittal pledged to sell a string of businesses across Europe to address competition concerns. Talks continue for the sale of other assets included in the agreement with the European Commission.