Sale of ThyssenKrupp Steel USA clears all regulatory approval
- ️Thu Feb 27 2014
The deal, which was announced at the end of November 2012, has been undergoing scrutiny from governments in multiple countries before the acquisition could be completed.
“The successful completion of this transaction is an important milestone for ArcelorMittal,” said Lakshmi Mittal, chairman and CEO of ArcelorMittal.
“Along with Nippon Steel and Sumitomo Metal Corp we are now the owners of the most modern steel finishing facility in the world, which will allow us to meet rising demand for steels in the automotive, energy and other important NAFTA markets.”
This report will be updated as more information becomes available.
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