ArcelorMittal to buy Nippon Steel's 50% stake in AM/NS Calvert joint venture

ArcelorMittal has entered into a definitive agreement to purchase Nippon Steel Corporation's 50% equity interest in the AM/NS Calvert Joint Venture for $1 consideration, with NSC injecting cash and forgiving partner loans of approximately $0.9 billion, contingent on NSC's acquisition of US Steel.

“ArcelorMittal announces it has entered into a definitive Equity Purchase Agreement with Nippon Steel Corporation pursuant to which ArcelorMittal will purchase NSC’s 50% equity interest in the AM/NS Calvert Joint Venture.”business.sherbrookerecord.com

• 1 source
• business.sherbrookerecord.comContact Us - Sherbrooke Record - Nippon Steel agrees to sell its interest in Calvert to ArcelorMittal, at the request of NSC pursuant to its agreed acquisition of US SteelArcelorMittal S.A.May 25, 2018

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