# ArcelorMittal to sell European plants for EU approval of €1.8B Italian steel buyout

The European Commission approved ArcelorMittal's plan to sell some European plants to secure final approval for its €1.8 billion acquisition of an Italian steel producer.

- Type: Acquisition
- Announced: 2019-04-17
- Where: Calvert, Alabama, United States
- Value: $2.10B (1.80B EUR)
- Status: announced
- Capacity: 5.3 million metric tonnes per year (flat rolled steel); 1.5 million metric tonnes per year (low CO2 steel)
- Products: steel
- 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)
- [ArcelorMittal Calvert](https://endata.com/companies/39177.md) (target)

## Sources

- [law360.com](https://www.law360.com/articles/1150839/eu-signs-off-on-buyer-for-arcelormittal-s-asset-sale), 2019-04-17: "Europe's antitrust watchdog gave the green light Wednesday to steelmaker ArcelorMittal's plan to sell off some of its European plants in order to secure final approval for its €1.8 billion ($2.1 billion) buyout of an Italian steel producer."
- [markets.financialcontent.com](https://markets.financialcontent.com/pennwell.laserfocusworld/article/gnwcq-2025-6-18-arcelormittal-completes-the-acquisition-of-nippon-steel-corporations-interest-in-amns-calvert), 2019-05-14: "the Company confirms that it has completed the acquisition (the “transaction”) of NSC’s 50% equity stake in AM/NS Calvert, with ArcelorMittal already holding the balance."

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