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EU to decide on ArcelorMittal bid by July 9

June 11, 2021 00:00:00

The European Union (EU) antitrust regulators will decide by July 09 2021 whether to clear world No. 1 steelmaker ArcelorMittal's bid for two French steel plants belonging to Sanjeev Gupta's Liberty Steel, according to a European Commission filing, report agencies.

ArcelorMittal on June 04 sought EU approval to buy the majority of shares in Liberty Steel France or its assets whose two main ones are rail maker Liberty Rail in Hayange and steel producer Liberty Ascoval in Saint-Saulve.

The EU competition watchdog can either clear the deal with or without conditions or it can open a four-month long investigation if it has serious concerns.

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