# ArcelorMittal acquires remaining 67% of Condesa Tubos

ArcelorMittal signed a binding agreement to acquire the remaining 67% stake in Condesa Tubos, a European manufacturer of welded steel tubes and profiles, from a banking pool. The deal includes plants in Spain and Germany.

- Type: Acquisition
- Announced: 2021-08-03
- Where: Lesaka, Berrioplano, Legutio (Spain); Altensteig-Walddorf (Germany), Spain
- Status: announced
- Products: welded steel tubes, profiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md) (acquirer)
- [Condesa Tubos](https://endata.com/companies/56843.md) (target)

## Sources

- [cuatrecasas.com](https://www.cuatrecasas.com/en/global/corporate/art/arcelormittal_acquires_condesa_tubos), 2021-08-02: "ArcelorMittal has signed a binding agreement with its partners in Condesa Tubos to acquire the shareholding it did not already own in the business."

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