# 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.

- Type: Acquisition
- Announced: 2018-05-25
- Where: Calvert, Alabama, United States
- Status: announced
- Products: steel finishing services
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [business.sherbrookerecord.com](https://business.sherbrookerecord.com/sherbrookerecord/article/gnwcq-2024-10-11-nippon-steel-agrees-to-sell-its-interest-in-calvert-to-arcelormittal-at-the-request-of-nsc-pursuant-to-its-agreed-acquisition-of-us-steel), 2018-05-25: "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."

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