HomeBusinessArcelorMittal Acquires Nippon Steel's 50% Stake in AM/NS Calvert Joint Venture

ArcelorMittal Acquires Nippon Steel’s 50% Stake in AM/NS Calvert Joint Venture

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ArcelorMittal has announced the signing of a definitive equity purchase agreement with Nippon Steel Corporation. According to the agreement, ArcelorMittal will acquire Nippon’s 50% stake in the AM/NS Calvert joint venture. This transaction is dependent on Nippon successfully completing its acquisition of US Steel, a process that is currently encountering regulatory challenges.

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