• Tuesday, May 17, 2022

Business

Liberty Agrees Deal With Steel Giant ArcelorMittal To Acquire Further Three European Steel Plants

The group has struck a conditional agreement to buy the Flemalle and Tilleur sites which employ a total of around 700 people near Liege, Belgium and the circa 300-people Dudelange, Luxembourg facility (Photo: PHILIPPE HUGUEN/AFP/Getty Images).

By: Radhakrishna N S

Liberty House, part of Sanjeev Gupta’s global GFG Alliance, is set for another major expansion of its steel production capacity in Europe after a deal announced on Friday (2) to acquire two Belgian cold rolling steel mills and one in Luxembourg from ArcelorMittal. The group has struck a conditional agreement to buy the Flemalle and Tilleur sites which employ a total of around 700 people near Liege, Belgium and the circa 300-people Dudelange, Luxembourg facility. The three mills, serving the construction, industrial and automotive markets, have a combined annual manufacturing capacity of 2.1 million tons of cold rolled steel, 2…

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