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ArcelorMittal aims to complete Essar Steel acquisition by end of 2019 · Endata

◂ Announcements

Nov 19, 2019ACQUISITIONHazira, India, India

ArcelorMittal aims to complete Essar Steel acquisition by end of 2019

ArcelorMittal India Private Limited's resolution plan for Essar Steel India Limited was unconditionally approved by the Supreme Court of India, with completion expected before the end of 2019.

Value

$5.88B (420.0B INR)

Status

Announced

Capacity

9.6 million tonnes per year nominal crude steel production capacity

Productssteel

CompaniesArcelorMittal acquirer Nippon Steel acquirer Nippon Steel partner Essar Steel India Limited target

Sectors#Steel and Metal Products

“Completion of the transaction is now expected before the end of the year.”timesofindia.indiatimes.com

3 sources
timesofindia.indiatimes.comArcelorMittal aims to complete Essar Steel acquisition by end of year - Times of IndiaPTINov 19, 2019
globenewswire.comArcelorMittal and Nippon Steel complete acquisition ofArcelorMittal S.A.Dec 16, 2019
business-standard.comArcelorMittal and Nippon Steel complete acquisition of Essar Steel | Company News - Business StandardIshita Ayan Dutt, Somesh JhaDec 16, 2019

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

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