# 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.

- Type: Acquisition
- Announced: 2019-11-19
- Where: Hazira, India, India
- Value: $5.88B (420.0B INR)
- Status: announced
- Capacity: 9.6 million tonnes per year nominal crude steel production capacity
- 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) (acquirer)
- [Nippon Steel](https://endata.com/companies/7455.md) (partner)
- [Essar Steel India Limited](https://endata.com/companies/30451.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/arcelormittal-aims-to-complete-essar-steel-acquisition-by-2019-end/articleshow/72120324.cms), 2019-11-19: "Completion of the transaction is now expected before the end of the year."
- [globenewswire.com](https://www.globenewswire.com/de/news-release/2019/12/16/1960808/0/en/ArcelorMittal-and-Nippon-Steel-complete-acquisition-of-Essar-Steel.html), 2019-12-16: "The acquisition of Essar Steel is an important strategic step for ArcelorMittal."
- [business-standard.com](https://www.business-standard.com/article/companies/arcelormittal-and-nippon-steel-complete-acquisition-of-essar-steel-119121601141_1.html), 2019-12-16: "The acquisition of Essar Steel is an important strategic step for ArcelorMittal."

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