# 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.

- Type: Acquisition
- Announced: 2019-07-01
- Where: Ostrava (Czech Republic), Galați (Romania), Skopje (North Macedonia), Piombino (Italy), Dudelange (Luxembourg), Liege (Belgium), Czechia
- Value: $830.0M (740.0M EUR)
- Jobs: 14,000
- Status: completed
- Capacity: 18 million tonnes per year rolling capacity
- Products: steel products for construction, automotive, aerospace, energy, industrial equipment
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (target)
- [Liberty Steel](https://endata.com/companies/16030.md) (acquirer)
- [GFG Alliance](https://endata.com/companies/19734.md) (investor)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-completes-landmark-acquisition-of-european-arcelormittal-steel-assets/), 2019-06-30: "This in an exciting and important milestone in GFG's journey."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/liberty-completes-acquisition-of-arcelormittals-european-assets-1100691.htm), 2019-07-01: "GFG Alliance’s subsidiary Liberty Steel has announced that it has completed the acquisition of seven major steelworks and five service centers across seven European countries from ArcelorMittal."
- [eurometal.net](https://eurometal.net/liberty-inaugurates-new-mainland-european-operations/), 2019-09-18: "Liberty Steel, part of the GFG Alliance, this week officially inaugurated seven steelworks and five major service centres in mainland Europe."

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