# U.S. Steel acquires 49.9% interest in Big River Steel

United States Steel Corporation purchased a 49.9% ownership interest in Big River Steel, with a call option to acquire the remaining 50.1% within four years. The implied enterprise value of Big River, including its Phase II-A expansion, is approximately $2.325 billion.

- Type: Acquisition
- Announced: 2019-12-01
- Where: United States
- Status: announced
- Products: flat-rolled steel, advanced automotive steels, electrical steels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [United States Steel Corporation](https://endata.com/companies/15282.md) (acquirer)
- [Big River Steel](https://endata.com/companies/31552.md) (target)

## Sources

- [mfgnewsweb.com](https://www.mfgnewsweb.com/archives/4/55932/Current-News-dec19/U.S.-Steel-Corp.-Acquires-49.9percent-Interest-in-Big-River-Steel.aspx), 2019-12-01: "Our new partnership with Big River is designed to accelerate our strategy to offer our customers the 'best of both' by bringing together the capabilities of integrated and mini mill steel production."

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