Liberty Steel acquires ArcelorMittal assets in Europe

Liberty Steel Monday said it has acquired seven steel making units and five service centres from L N Mittal's Arcelo zr Mittal in Europe for 740 million euros (around Rs 5,782 crore), according to a company statement. Indian-origin metals tycoon Sanjeev Gupta-owned company has acquired the major integrated steel works at Ostrava in the Czech Republic and Galati in Romania as well as rolling mills at Skopje (North Macedonia), Piombino (Italy), Dudelange (Luxembourg) and two plants near Liege in Belgium, it said. These seven sites employ over 14,000 people. The five service centres which market the products are based in France and Italy.