ArcelorMittal SA completes acquisition ThyssenKrupp Steel USA

Tuesday, 25 Feb 2014 07:00pm EST 

ArcelorMittal SA:Says together with Nippon Steel & Sumitomo Metal Corporation ("NSSMC"), it has completed the acquisition of ThyssenKrupp Steel USA ("TK Steel USA"), a steel processing plant in Calvert, Alabama, having received all necessary regulatory approvals.Says the transaction, a 50/50 joint venture with NSSMC, was completed for an agreed price of USD 1,550 million plus working capital and net debt adjustment. 

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