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Liberty Steel completes €740M acquisition of seven ArcelorMittal steelworks in Europe
Liberty Steel, part of GFG Alliance, completed the acquisition of seven major steelworks and five service centres across seven European countries from ArcelorMittal for €740 million. The deal makes Liberty Steel one of the top ten steel producers globally excluding China.
Value
$830.0M (740.0M EUR)
Capacity
18 million tonnes per year rolling capacity
Productssteel products for construction, automotive, aerospace, energy, industrial equipment
“This in an exciting and important milestone in GFG's journey.”libertysteelgroup.com
- 3 sources
- libertysteelgroup.comLiberty completes landmark acquisition of European ArcelorMittal steel assets - LIBERTY Steel GroupJun 30, 2019
- steelorbis.comLiberty completes acquisition of ArcelorMittal’s European assetsDemet KazdalJul 1, 2019
- eurometal.netLiberty inaugurates new mainland European operations - EUROMETALSep 18, 2019
Summarized from public sources; check the original articles before acting on it.
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