No share sales by ArcelorMittal directors in 2017, two in 2018, one in 2019 and one in 2020. Each time for amounts of less than €500,000.

Needless to say that the sale of 3.76 million shares by Lumen Investments, the Mittal family's soparfi, is remarkable yet understandable.

In line with their transparency commitments, the ArcelorMittal group, in a statement on Tuesday, announced the €73.6 million sale. The group explains that this sale is part of the share buyback program with the desire to remain at 36.34% of the shares. 

A drop in the ocean for the outfit that holds 31.5% of ArcelorMittal shares for a value of more than €11.5 billion.

This article was originally published on Paperjam.lu and has been translated and edited for Delano.