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ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Alabama steel plant · Endata

◂ Announcements

Dec 11, 2017ACQUISITIONAlabama, United States

ArcelorMittal and Nippon Steel to buy ThyssenKrupp's Alabama steel plant

ArcelorMittal and Nippon Steel & Sumitomo Metal are close to a $2 billion deal to acquire ThyssenKrupp's automotive steel sheet plant in Alabama, with specifics to be announced in early December.

Value

$2.00B

Status

Rumored

Productsautomotive steel sheets

CompaniesArcelorMittal acquirer Thyssenkrupp target Nippon Steel & Sumitomo Metal acquirer

Sectors#Steel and Metal Products

“Nippon Steel and ArcelorMittal have reached a basic accord with ThyssenKrupp on the deal worth nearly 200 billion yen ($1.97 billion).”luxtimes.lu

1 source
luxtimes.luArcelorMittal & Nippon Steel to buy US steel plantDec 11, 2017

Summarized from public sources; check the original articles before acting on it.

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