ArcelorMittal Nippon Steel India Rs502.31 billion acquisition of Essar Steel India

2/1/2020
Public acquisition

Re 502.31 billion

$ 7.21 billion

Completed

2/1/2020


Overview:

  • Multinational steel manufacturer ArcelorMittal and the world's third-largest steel producer Nippon Steel have jointly acquired Essar Steel India for Rs502.31 billion under India's bankruptcy law.
  • ArcelorMittal Nippon Steel India, a joint venture between ArcelorMittal and Nippon Steel, will own and operate Essar Steel.

Shah Shameer Ahmed - Researcher

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