ArcelorMittal has announced that it has received a binding offer from Liberty House Group for the acquisition of ArcelorMittal Dudelange (Luxembourg) and the following finishing lines at ArcelorMittal Liège (Belgium): hot dip galvanizing lines 4 and 5 in Flemalle; and hot rolled pickling, cold rolling and tin packaging lines in Tilleur. The assets are the final part of a divestment package the company agreed with the European Commission (EC) during its merger control investigation into the company’s acquisition of Ilva.
The plants in question, serving the construction, industrial and automotive markets, have a combined annual manufacturing capacity of 2.1 million mt of cold rolled steel, 2 million mt of galvanized steel, and 200,000 mt of tin plated steel.
On October 12, Liberty also signed a conditional agreement with ArcelorMittal to buy four European steel plants, Galati in Romania and Ostrava in the Czech Republic, along with rolling mills at Skopje in Macedonia and Piombino in Italy.
Additionally, ArcelorMittal announced on November 1 the completion of the transaction to acquire Ilva. Following completion of the transaction, ArcelorMittal has now assumed full management control of Ilva, which will form a new business cluster within ArcelorMittal Europe - Flat Products and be known as ArcelorMittal Italia.