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Liberty Steel to buy four European steel plants from ArcelorMittal · Endata

◂ Announcements

Steel and Metal Productsworld trade 2024+3.9% 5Y CAGR

Oct 12, 2018ACQUISITIONLiege, Belgium and Dudelange, Luxembourg, Belgium

Liberty Steel to buy four European steel plants from ArcelorMittal

Liberty Steel Group, part of GFG Alliance, announced a conditional agreement to acquire ArcelorMittal's integrated steelworks in Galati (Romania) and Ostrava (Czech Republic), along with rolling mills in Skopje (Macedonia) and Piombino (Italy). The deal would more than double Liberty's global rolling capacity to over 15 million tonnes per year.

Jobs

1,000

Status

Announced

Capacity

over 15 million tonnes per year

Productsflat and long steel products

CompaniesArcelorMittal target Liberty Steel acquirer

Sectors#Steel and Metal Products

“Adding these major steel hubs more than doubles Liberty’s global metal manufacturing capacity”libertysteelgroup.com

2 sources
libertysteelgroup.comLiberty’s European steel acquisitions set to double Group’s global production capacity - LIBERTY Steel GroupOct 11, 2018
libertysteelgroup.comLiberty agrees deal with ArcelorMittal to acquire further three European steel plants - LIBERTY Steel GroupNov 2, 2018

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

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