# JSW Steel signs pact to buy Aferpi from Cevital for Rs 600 crore

JSW Steel signed an agreement with Algeria's Cevital to acquire its Italian steel arm Aferpi for approximately Rs 600 crore. Aferpi produces special steel for rails, wire rods, and bars for railway, automotive, and other sectors.

- Type: Acquisition
- Announced: 2018-05-18
- Where: Piombino, Italy, Italy
- Value: $90.0M (6.00B INR)
- Status: announced
- Products: special steel for rails, wire rods, bars
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [CEVITAL](https://endata.com/companies/20047.md) (partner)
- [JSW Steel](https://endata.com/companies/22727.md) (acquirer)
- [Aferpi](https://endata.com/companies/31947.md) (target)

## Sources

- [india.com](https://www.india.com/news/jsw-steel-signs-pact-to-buy-aferpi-for-rs-600-cr-from-algerias-cevital-3061625/), 2018-05-18: "JSW Steel has signed a deal with Algeria’s Cevital to buy Italy’s second largest steel firm Aferpi for around Rs 600 crore"
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/jsw-steel-signs-pact-to-buy-aferpi-for-rs-600-cr-from-algerias-cevital/articleshow/64222550.cms), 2018-05-18: "JSW Steel has signed a deal with Algeria's Cevital to buy Italy's second largest steel firm Aferpi for around Rs 600 crore on Friday."

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