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New Deal


Announced

Completed

United States Steel completed the acquisition of the remaining 50% stake in Big River Steel for $774m.

Financials

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Transaction Value£557m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Private

Single Bidder

Domestic

Friendly

Majority

Iron and Steel

iron & steel manufacturing

United States

Completed

Synopsis

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United States Steel, an American integrated steel producer, completed the acquisition of the remaining 50% stake in Big River Steel, a manufacturer of steel product, for $774m. We are creating the first ‘Best of Both’ integrated and mini-mill steel company. Taking a page from the Big River Steel playbook, we are closing on this world competitive green steel asset purchase under budget and ahead of schedule. Our customers now have access to a truly sustainable source of the most advanced high strength steels. We fully expect to generate profitable growth quickly in 2021 and enable a more nimble, innovative, and cost-effective company across the business cycle," David B. Burritt, US Steel President & CEO.

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