AM/NS India completes $5.7B acquisition of Essar Steel India

ArcelorMittal and Nippon Steel's joint venture AM/NS India completed the $5.7 billion acquisition of Essar Steel India Limited, an integrated steel producer with a crude steel capacity of 9.6 million mt/year and pellet plants of 14 million mt/year.

“AM/NS India's acquisition of Essar Steel India stood out for the Deal of the Year award as it was the largest private-sector transaction to close in India during 2019, and the second-largest steel transaction globally that year.”motion-drives.com

• 2 sources
• motion-drives.comArcelorMittal and Nippon Steel win ‘Deal of the Year’ for acquisition of Essar Steel - Motion+DrivesJul 24, 2020
• usa.motion-drives.comArcelorMittal and Nippon Steel win ‘Deal of the Year’ for acquisition of Essar Steel - Motion Drives USAMotion+DrivesJul 24, 2020

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