Liberty House Group completed its €740m acquisition ArcelorMittal.

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.