ArcelorMittal Nippon to buy some Essar assets in $2.4B deal

Aug. 26, 2022 1:07 PM ETArcelorMittal S.A. (MT)By: Carl Surran, SA News Editor

Metal worker using a grinder

Phynart Studio/E+ via Getty Images

ArcelorMittal's (NYSE:MT) India joint venture with Nippon Steel said on Friday it agreed to acquire certain infrastructure assets from Essar Group for $2.4B, as it seeks to strengthen its steelmaking business in the country.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.