11:04 AM EDT, 06/20/2025 (MT Newswires) -- ArcelorMittal ( MT ) said Friday it signed an agreement to sell its ArcelorMittal Zenica steel plant and ArcelorMittal Prijedor iron ore mining unit in Bosnia and Herzegovina to Pavgord Group.

Under the agreement, ArcelorMittal ( MT ) will sell its shares in the steel plant and mining business to Pavgord, and all employees will transition to the new owner, according to a statement.

ArcelorMittal ( MT ) expects to book a non-cash loss of $200 million, net of undisclosed sale proceeds. The deal is expected to close in Q3, it said.

Shares were down 1.7% in recent trading.

Price: 30.17, Change: -0.51, Percent Change: -1.66