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Liberty to buy ArcelorMittal Galati and three other European steel plants · Endata

◂ Announcements

Oct 12, 2018ACQUISITIONGalati, Romania; Ostrava, Czech Republic; Skopje, Macedonia; Piombino, Italy, Romania

Liberty to buy ArcelorMittal Galati and three other European steel plants

Liberty, part of GFG Alliance, has made a binding offer to acquire ArcelorMittal's integrated steelworks at Galati (Romania) and Ostrava (Czech Republic), plus rolling mills in Skopje (Macedonia) and Piombino (Italy).

Jobs

12,500

Status

Announced

Capacity

8 million tonnes per year rolling capacity

Productssteel

CompaniesArcelorMittal target GFG Alliance partner Liberty Group acquirer

Sectors#Steel and Metal Products

“British-owned metal producer Liberty, part of the GFG Alliance group of companies owned by British-Indian investor Sanjeev Gupta, has reached an agreement to buy four steel plants in Europe put up for sale by ArcelorMittal group.”romania-insider.com

2 sources
romania-insider.comBritish-Indian investor will buy biggest steel plant in Romania from compatriot Lakshmi Mittal | Romania InsiderOct 12, 2018
miningmetalnews.comLiberty buys Romania's largest steelworks of Mittal | MININGMETALnews.comMarkku BjörkmanOct 30, 2018

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

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