02
Mar
11:12
ArcelorMittal, NSSMC partner for joint Essar Steel acquisition
ArcelorMittal (AM) has signed a joint venture formation agreement with Nippon Steel & Sumitomo Metal Corporation (NSSMC) in relation to its offer to acquire Essar Steel (ESIL).
Last month Arcelormittal submitted an offer to buy insolvent Essar Steel through subsidiary ArcelorMittal India Private Limited (AMIPL). Should the submitted ‘Resolution Plan’ be selected and formally accepted by India’s National Company Law Tribunal, ArcelorMittal a…
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Anonymous
Very good overview of the weekly steel market.
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