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Luxembourg, 26 February 2014 ArcelorMittal, together with Nippon Steel & Sumitomo Metal Corporation (“NSSMC”), today announces that it has completed the acquisition of ThyssenKrupp Steel USA (“TK Steel USA”), a steel processing plant in Calvert, Alabama, having received all necessary regulatory approvals. The transaction – a 50/50 joint venture with NSSMC – was completed for …
The sale of the ThyssenKrupp Steel USA rolling and coating plant in Calvert, Alabama to a consortium of ArcelorMittal and Nippon Steel & Sumitomo Metal Corporation is completed. Upon closing, ThyssenKrupp received a purchase price of 1.55 billion US dollars from the consortium. At the same time a valuable long-term slab supply contract has been …
ThyssenKrupp has received approval in the USA for the sale of the ThyssenKrupp Steel USA rolling and coating plant in Calvert/Alabama. The expiry on January 29, 2014 of the premerger waiting period, during which the proposed combination was reviewed, signals the conclusion of the approval process by the US antitrust authorities. This represents an important …
Luxembourg, 30 January 2014 – ArcelorMittal today announces that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act (HSR) terminated on January 29, 2014 with respect to its acquisition, through a 50/50 joint venture with Nippon Steel & Sumitomo Metal Corporation, of ThyssenKrupp Steel USA. The termination of the HSR waiting period satisfies one of …
Luxembourg, Friday 29 November 2013 – ArcelorMittal today announces that it has entered into a 50/50 joint venture partnership with Nippon Steel & Sumitomo Metal Corporation (“NSSMC”) to acquire 100% of ThyssenKrupp Steel USA (“TK Steel USA”) from ThyssenKrupp for an agreed price of US$1,550 million. TK Steel USA is a steel processing plant situated …