Nippon Steel acquires US Steel: favourable for ArcelorMittal, which acquires 50% of one of North America’s best factories
Renta 4 | Nippon Steel finally acquires US Steel for $14.1 billion. This transaction means that ArcelorMittal (MTS) will acquire 50% of the joint venture it had with Nippon Steel in Calvert. Arcelor will pay $1. Nippon Steel will receive compensation of $900 million in cash and debt cancellation. The plant will be renamed ArcelorMittal Calvert. AM expects this acquisition to increase the group’s net debt by $1.3 billion and…