Announced
Completed
Financials
Tags
Acquisition
integrated steel producer
Completed
Natural
Single Bidder
Private
Luxembourg
Iron and Steel
Synopsis
Liberty House Group, an industrial and metal company and a part of Sanjeev Gupta’s global GFG Alliance, has completed its acquisition of several steelmaking assets that form the divestment package of ArcelorMittal, a steel and mining company for €740m ($842m). “This combination will form a global champion, with fully integrated capabilities, shipping iron ore and coking coal and semi-finished product from Australia to its manufacturing plants and mills globally with the target of becoming one of the largest and most competitive fully integrated steel and mining producers in the world, from raw materials to high value finished goods.” Sanjeev Gupta, GFG Alliance Executive Chairman.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.