NIPPON STEEL & SUMITOMO METAL
ArcelorMittal, Nippon Steel complete acquisition of Essar Steel
The deck for acquisition of Essar Steel for Rs 42,000 crore by L N Mittal-led company was cleared by the Supreme Court last month.
ArcelorMittal initiates Rs 42,000 cr payment for Essar Steel acquisition
ArcelorMittal has initiated payment for acquisition of debt-ridden E...
LN Mittal’s son Aditya may head new Essar Steel board
ArcelorMittal is integrating Essar Steel into its fold, marking the global giant's firs...
Completion of Essar Steel acquisition expected before the end of the year: ArcelorMittal
The acquistion will mark the entry of the world's largest steel company into India, which has emerged as the second biggest steel market in the world. Following its acquisition of Essar Steel, ArcelorMittal will be the fourth largest steel producer in the country which has set a target of achieving 300 million tonne in production.
Pradhan seeks investments from Japanese Nippon, Daido Steel
Pradhan discussed with Daido Steel's officials ways to further strengthen cooperation through technology transfer and sharing of best practices to make the local steel industry more cost-effective, an official statement said.
Essar Steel's $6 billion sale is said to face delay
A committee of Essar Steel creditors, originally slated to convene earlier this week, has postponed a meeting to discuss the offers, according to the people.
Japanese steel scandal could derail Modi's bullet train project
While there’s no safety risk, cos operating the Shinkansen trains said they found Kobe Steel components that failed to meet Japanese industry standards.
Nippon Steel, Sumitomo Metal to formally merge tomorrow
Earlier this month, the two companies had announced an agreement to integrate and reorganise their business operations on the scheduled date of April 1, 2013.
CCI approves merger of Nippon Steel, Sumitomo Metal Industries
Competition watchdog CCI has approved the proposed merger of Japan-based steel giants Nippon Steel Corporation and Sumitomo Metal Industries.
APAC M&A activity in first half of 2019 slows down to lowest level since 2013: Report
The Asia Pacific region generated 1,525 deals valued at USD 241 billion in the first half of this year -- the lowest first-half value since 2013.
CCI clears Nippon Steel's 51% acquisition in Sanyo Steel
Besides, the regulator has approved transfer of 100 per cent shareholding in Ovako to Sanyo Steel.
ArcelorMittal announces pricing of $750 million bond issue
The proceeds amounting to $745 million, will be applied towards repayment of existing debt.
CCI approves ArcelorMittal's acquisition of Essar Steel
ArcelorMittal and Numetal are in the race to acquire Essar, currently undergoing insolvency proceedings.
ArcelorMittal expects further growth after Q3 profit surge
ArcelorMittal, the world's largest steelmaker, on Thursday reported a 42 percent increase in third-quarter core profit and said results would improve further as demand for steel continued to grow.
ArcelorMittal to make $1 bln creditor payment to bid for Essar Steel
Essar Steel's committee of creditors now has an eight-week period to evaluate bids.
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