# 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.

- Type: Acquisition
- Announced: 2019-01-01
- Where: western India (integrated steel facility), eastern states (pellet plants), India
- Value: $5.70B
- Status: completed
- Capacity: 9.6 million mt/year crude steel; 14 million mt/year pellets
- Products: hot-rolled steel, cold-rolled steel, galvanized steel, coated steel sheets, steel plates
- 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)
- [Essar Steel India Limited](https://endata.com/companies/30451.md) (target)

## Sources

- [motion-drives.com](https://motion-drives.com/blog/2020/07/24/arcelormittal-and-nippon-steel-win-deal-of-the-year-for-acquisition-of-essar-steel/), 2020-07-24: "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."
- [usa.motion-drives.com](https://usa.motion-drives.com/blog/2020/07/24/arcelormittal-and-nippon-steel-win-deal-of-the-year-for-acquisition-of-essar-steel/), 2020-07-24: "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."

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