# ArcelorMittal and NSSMC form joint venture to acquire Essar Steel India

ArcelorMittal signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation to jointly acquire Essar Steel India Limited. The bid was submitted on February 12, 2018.

- Type: Acquisition
- Announced: 2018-03-02
- Where: India
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (partner)
- [Essar Steel India Limited](https://endata.com/companies/30451.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2018/03/02/1409599/0/en/agreement-between-arcelormittal-and-nssmc-regarding-joint-venture-to-acquire-essar-steel-india-limited.html), 2018-03-02: "Partnering with NSSMC for Essar Steel was always our intention and adds further strength to our offer."

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