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ArcelorMittal and Nippon Steel complete Essar Steel acquisition · Endata

◂ Announcements

Jan 9, 2020ACQUISITIONIndia, India

ArcelorMittal and Nippon Steel complete Essar Steel acquisition

ArcelorMittal completed the acquisition of Essar Steel India Limited and formed a joint venture with Nippon Steel called ArcelorMittal Nippon Steel India Limited, with ArcelorMittal holding 60% and Nippon Steel 40%.

Status

Completed

Capacity

9.6 million tonnes per year crude steel

Productsflat steelsteel platessteel pipespellets

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

Sectors#Steel and Metal Products

“ArcelorMittal announced that it has completed the acquisition of Essar Steel India Limited.”exchange4media.com

2 sources
exchange4media.comArcelorMittal & Nippon Steel complete acquisition of Essar Steelexchange4media StaffJan 9, 2020
doi.orgIn Case You Missed It: Business News from the FieldFeb 5, 2020

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

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