Home Business Société Générale increases its stake in ArcelorMittal to 5.2%

Société Générale increases its stake in ArcelorMittal to 5.2%

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Société Générale increases its stake in ArcelorMittal to 5.2%

Société Générale has increased its stake in ArcelorMittal from 4.3% to 5.2%, as reported by the metallurgical company to the National Securities Market Commission (CNMV).

The transaction has been made public in compliance with Luxembourg law on transparency requirements for issuers of securities, having exceeded the threshold of 5% of voting rights.

The French bank had recently reduced its stake in ArcelorMittal to 4.3%, after having surpassed the 5% figure last November on two occasions.

The entity holds shares in the metallurgical company through various companies, including the French parent company and subsidiaries in the United States and Germany.

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