# 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%.

- Type: Acquisition
- Announced: 2020-01-09
- Where: India, India
- Status: completed
- Capacity: 9.6 million tonnes per year crude steel
- Products: flat steel, steel plates, steel pipes, pellets
- 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

- [exchange4media.com](https://www.exchange4media.com/announcements-news/arcelormittal-nippon-steel-acquires-essar-steel-101937.html), 2020-01-09: "ArcelorMittal announced that it has completed the acquisition of Essar Steel India Limited."
- [doi.org](https://doi.org/10.1007/s11837-020-04063-1), 2020-02-05: "The transaction marked the end of Essar's corporate insolvency resolution process that lasted more than 800 days."

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