ArcelorMittal sells Dudelange and Liege plants to Liberty, completes Ilva acquisition

Friday, 02 November 2018 11:53:48 (GMT+3)   |   Istanbul
       

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.

 


Similar articles

ArcelorMittal Spain receives environmental approval for DRI plant at Gijon

17 Jan | Steel News

ArcelorMittal Zenica to restart production

10 Jan | Steel News

ArcelorMittal Zenica suspends production amid lower demand

21 Nov | Steel News

ArcelorMittal raises its coil prices in Europe after break of one month

24 Jun | Flats and Slab

ArcelorMittal Italia CEO: Ilva will be saved

18 Jun | Steel News

Italian government grants ArcelorMittal ten days to present its industrial plan for Ilva

26 May | Steel News

ArcelorMittal postpones halt of BF No. 2 at Fos-sur-Mer site in France

14 May | Steel News

ArcelorMittal reports net loss for Q1

07 May | Steel News

ArcelorMittal resumes operations in Romania

06 May | Steel News

ArcelorMittal reduces production amid coronavirus outbreak

31 Mar | Steel News