Arcelor, the French steel company subject to a €20bn ($25bn) bid from rival Mittal, has borrowed €4bn from ABN Amro, Credit Mutuel-CIC, Dresdner Bank, Fortis and Natexis Banques Populaires.

Arcelor shareholders are set to meet tomorrow to vote on a dividend payout raised from €1.2 to €1.85 a share. Arcelor has also pledged to return €5bn to shareholders should Mittal's bid fail.

Jonathan Sibun

Natexis Banques Populaires

Evelyn Partners’ private equity backers target NatWest and RBC for potential sale

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https://images.fnlondon.com/im-43406752?size=1.5

Coutts hires ex-JPMorgan banker James Todd as next private client boss

https://images.fnlondon.com/im-95923804?size=1.42

Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

US law firm hires private equity specialist from key client

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Bid target Arcelor adds €4bn of debt

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