Core Viewpoint - ArcelorMittal has signed a sale and purchase agreement to divest its operations in Bosnia and Herzegovina, specifically the ArcelorMittal Zenica steel plant and the ArcelorMittal Prijedor iron ore mining business, to Pavgord Group, following a strategic review that deemed the sale as the best solution for business development [1][2]. Transaction Details - The transaction involves the sale of ArcelorMittal's shares in both ArcelorMittal Zenica and ArcelorMittal Prijedor, with all employees' jobs being transferred to the new owner. The company anticipates a non-cash loss on disposal of approximately $0.2 billion, which includes foreign exchange losses recorded in equity since acquisition [3]. - The deal is expected to close in the third quarter of 2025, pending merger control clearance and fulfillment of all conditions precedent. Until the closure, all operations will continue as usual with support from local management and company leadership [4]. Company Acknowledgment - ArcelorMittal expressed gratitude towards the government of Bosnia and Herzegovina and acknowledged the contributions of its employees at ArcelorMittal Zenica and ArcelorMittal Prijedor over the past 21 years, wishing them and Pavgord Group success in the future [5]. Company Overview - ArcelorMittal is a leading integrated steel and mining company with operations in 60 countries and primary steelmaking in 15 countries. In 2024, the company generated revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. The company focuses on producing innovative steels that are energy-efficient, low in carbon emissions, and reusable, supporting the transition to renewable energy infrastructure [6].

Core Viewpoint - Westport Fuel Systems Inc. has entered into lock-up agreements with shareholders representing approximately 2.0 million shares, or 11.4% of the outstanding shares, to support the sale of Westport Fuel Systems Italia S.r.l. [1][2] Transaction Overview - On March 31, 2025, Westport announced a binding agreement to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, to Heliaca Investments Coöperatief U.A. [3] - The base purchase price for the transaction is $73.1 million (€67.7 million), with potential earnouts of up to $6.5 million (€6.0 million) based on certain conditions [4] - The transaction is subject to shareholder approval and customary closing conditions, expected to close in late Q2 of 2025 [5] Financial Implications - Proceeds from the transaction are anticipated to enhance Westport's financial stability and support growth initiatives focused on decarbonizing mobility and industrial applications [6] - Post-closing, Westport plans to align its cost structure to reflect a smaller, more efficient organization while seeking further efficiency gains [6] Company Background - Westport Fuel Systems is a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels, serving approximately 70 countries [7]