# Nippon Steel to sell AM/NS Calvert stake to ArcelorMittal if US Steel acquisition proceeds

Nippon Steel decided to transfer all shares of NS Kote (which holds its 50% stake in AM/NS Calvert) to ArcelorMittal, contingent on the completion of Nippon Steel's acquisition of US Steel. The agreement was signed on October 11, 2024.

- Type: Acquisition
- Announced: 2026-11-09
- Where: Alabama, United States
- Status: announced
- Products: steel sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel](https://endata.com/companies/7455.md)
- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [United States Steel Corporation](https://endata.com/companies/15282.md) (target)

## Sources

- [nihon-ma.co.jp](https://www.nihon-ma.co.jp/news/20241011_5401-23/), 2026-11-09: "日本製鉄は、本買収が実現した場合、本株式譲渡を実行することが最適と判断した。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.