# Liberty Steel selected to acquire Ascoval and Hayange steel plants

French authorities selected Liberty Steel to acquire the Hayange rail mill and the Ascoval steelmaking plant in Saint-Saulve, France. The acquisition is subject to government approval of sale conditions.

- Type: Acquisition
- Announced: 2020-07-24
- Where: Hayange and Saint-Saulve, France, France
- Value: $77.0M (65.0M EUR)
- Jobs: 700
- Status: announced
- Capacity: 250,000 to 600,000 tonnes/year
- Products: rail, semi-finished steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ASCOVAL](https://endata.com/companies/3161.md) (target)
- [Liberty Steel](https://endata.com/companies/16030.md) (acquirer)
- [GFG Alliance](https://endata.com/companies/19734.md) (acquirer)
- [GFG Alliance](https://endata.com/companies/19734.md) (partner)
- [Hayange](https://endata.com/companies/48110.md) (target)
- [France Rail Industry (Hayange)](https://endata.com/companies/49143.md) (target)

## Sources

- [eurometal.net](https://eurometal.net/liberty-wins-race-to-acquire-ascoval-and-hayange/), 2020-07-24: "French authorities have announced that Liberty Steel has been selected to take over the troubled rail mill of Hayange in northern France, as well as the steelmaking plant of Ascoval in Saint-Saulve."
- [libertysteelgroup.com](https://libertysteelgroup.com/liberty-steel-group-to-acquire-strategic-french-steel-businesses-to-create-greensteel-rail-champion/), 2020-08-13: "The acquisition creates an integrated GREENSTEEL rail business in France and saves 700 jobs."
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/liberty-steel-group-to-acquire-hayange-and-ascoval-for-greensteel-strategy-1159438.htm), 2020-08-14: "Today is a landmark moment for the workers of Hayange and Ascoval, for the French steel industry, and for Liberty Steel Group’s GREENSTEEL ambitions in France."
- [elcorreogallego.es](https://www.elcorreogallego.es/galicia/2020/08/14/gfg-alliance-novio-alcoa-san-109590419.html), 2020-08-14: "el Gobierno francés daba el viernes su aprobación definitiva al acuerdo que garantizará el futuro de las plantas estratégicas nacionales y de sus 700 empleados"
- [agmetalminer.com](https://agmetalminer.com/2020/08/17/this-morning-in-metals-liberty-steel-to-acquire-french-steel-assets/), 2020-08-17: "Today is a landmark moment for the workers of Hayange and Ascoval, for the French steel industry, and for LIBERTY Steel Group’s GREENSTEEL ambitions in France."

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