MergerLinks Header Logo

Announced

Completed

ArcelorMittal USA completed the acquisition of remaining stakes in I/N Kote and I/N Tek from Nippon Steel for $183m.

Synopsis

ArcelorMittal USA, a steel producer, completed the acquisition of remaining stakes in I/N Kote and I/N Tek, steel-making joint ventures it formed with Nippon Steel, for $183m. l/N Tek and l/N Kote have been manufacturing bases for high grade automotive steel sheets for Japanese automotive customers in the United States. After the transfer, NSC intends to concentrate its resources on AM/NS Calvert, which has one of the most distinguished equipment capabilities in the United States, and to further strengthen its supply capability of full range of products including the state of the art steel products in the North America.

Show Details & Financials

Market Context

Sort

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

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US