Arcelor Mittal
ArcelorMittal to buy 28.4% stake in France’s Vallourec for $1 bn
14 Mar 2024
ArcelorMittal, the world’s second-largest steelmaker, on Tuesday said it will acquire a 28.4 per cent stake in French steelmaker Vallourec, for around 955 million euros ($1.04 billion), to expand its tubular products portfolio.
ArcelorMittal to acquire Brazilian steelmaker CSP for $2.2 billion
02 Aug 2022
ArcelorMittal also announced a new $1.4bn buyback programme of 60 million shares, to be completed by the end of May 2023, despite a 2 per cent decline in its net income to $3.92 billion for the second quarter ended 30 June 2022
ArcelorMittal Nippon Steel taps Japanese banks for $5.15 bn loan for Essar Steel acquisition
17 Mar 2020
ArcelorMittal forms JV with Nippon Steel to run Essar Steel
18 Dec 2019
With an annualised crude steel production capacity of 7.5 million tonnes and iron ore pellet facilities with current annual capacity of 14 million tonnes, the new joint venture company AM/NS India plans to increase finished steel shipments to 8.5 million tonnes over the medium-term
NCLAT approves ArcelorMittal bid for Essar Steel, rejects Ruias’ offer
04 Jul 2019
The NCLAT also revised the approved claims of operational creditors to Rs19,700 crore, up from Rs5,000 crore and said the committee of creditors has no role in distribution of amount between operational and financial creditors
Liberty acquires European steel assets of ArcelorMittal for $740 million
01 Jul 2019
The deal brings Liberty Steel’s total rolling capacity to over 18 million tonnes, covering a wide range of finished products, and catapults it into top 10 steel producers globally outside China
