ArcelorMittal News

European Commission approves Liberty acquisition of ArcelorMittal ...
Wed, 17 Apr 2019 00:00:00 GMT
The European Commission has given the green light for the acquisition by Liberty House of a number of ArcelorMittals European steelmaking assets,Kallanishlearns from official company statements. As a consequence, Liberty will integrate most of its businesses in Europe, the UK and Australia under one entity. The closing of the transaction is now expected to


Supreme court halts ArcelorMittal payment to buy Essar Steel
Sat, 13 Apr 2019 00:00:00 GMT
The NCLAT had approved ArcelorMittal's bid for Essar Steel in a huge relief for the


Asian Colour Coated Ispat resolution professional seeks bid deadline ...
Tue, 09 Apr 2019 00:00:00 GMT
ArcelorMittal had also shown interest in the company but has refrained from bidding until the acquisition of Essar Steel gets


Liberty to buy Italys CLN service centres
Thu, 28 Mar 2019 00:00:00 GMT
Liberty House is set to acquirefour steel service centres in Italy from ArcelorMittal CLN Distribuzione Italia,Kallanishlearns from a European Commission document.This ispart of the purchase agreement to buysix production unitsbeing divested by ArcelorMittal as part of its acquisition of the former Ilva operation, now ArcelorMittal Italia. The purchase of the service centres will be


SAIL likely to see its debt burden increase ti Rs 44,000 crore ...
Wed, 27 Mar 2019 00:00:00 GMT
Commenting on ArcelorMittals entry in the domestic steel sector, he said, It is a giant. It makes 92 million tonnes of


Essar Steel inching towards resolution
Tue, 19 Mar 2019 00:00:00 GMT
NCLAT gives conditional nod to ArcelorMittals resolution plan, to rule on fund disbursal


Race for Essar Steel: NCLAT gives conditional nod to ArcelorMittal's ...
Mon, 18 Mar 2019 00:00:00 GMT
The National company Law Appellate Tribunal (NCLAT) Monday gave a conditional approval to Rs 42,000 crore resolution plan of ArcelorMittal for debt-ridden Essar Steel saying it will be subject to its final order in the appeal filed by the promoters. A two-member bench headed by Justice S J Mukhopadhaya said there is no stay on the Resolution Professional of Essar Steel to disburse the funds among financial and operational creditors of the


NCLAT allows implementation of ArcelorMittal's resolution plan ...
Mon, 18 Mar 2019 00:00:00 GMT
Essar had challenged NCLT nod to ArcelorMittal's bid for the debt-laden


Essar Steel lenders mull options after NCLAT advice
Mon, 18 Mar 2019 00:00:00 GMT
The options include asking ArcelorMittal to pay up the whole amount and keep the contentious payments to operational creditors in an escrow


NCLAT adjourns Essar Steel case till March 15
Thu, 14 Mar 2019 00:00:00 GMT
The bench also asked ArcelorMittal to raise its bid for Essar Steel as the promoters of the insolvent company have proposed a resolution plan with a higher


NCLT Ahmedabad clears ArcelorMittal's Rs 42,000 crore resolution ...
Sat, 09 Mar 2019 00:00:00 GMT
Clearing ArcelorMittal's bid, NCLT says it cannot impose judicial view over banks'


NCLT clears ArcelorMittal's Rs 42,000 crore bid for Essar Steel
Fri, 08 Mar 2019 00:00:00 GMT
The becnh has additionally asked the lenders to share 15 percent of the bid with operational creditors, who had earlier this week appealed to ArcelorMittal to consider their dues


ArcelorMittal bags Essar Steel as NCLT Ahmedabad clears Rs 42,000 ...
Fri, 08 Mar 2019 00:00:00 GMT
National Company Law Tribunal (NCLT) Amedabad bench today cleared ArcelorMittal's Rs 42,000 crore resolution plan for Essar Steel takeover. ArcelorMittal, which has been engaged in a drawn-out attempt to acquire Essar Steel since 2017, had made a Rs 42,000 crore offer for the bankrupt Essar


Operational creditors with over Rs 1 cr dues from Essar Steel ...
Wed, 06 Mar 2019 00:00:00 GMT
A forum of operational creditors has asked ArcelorMittal to pay their over Rs 1 crore in admitted dues from


After IBC war Ruias & ArcelorMittal talk deal for Hazira ...
Wed, 20 Feb 2019 00:00:00 GMT
Sources close to Essar Group claim that ArcelorMittal is interested in the captive assets & is on a diligence


Number of news reports: 15