JSW Steel plans bid for ArcelorMittal's Romanian plant
Updated : June 22, 2018 06:55 AM IST
ArcelorMittal, the world's biggest steelmaker, has had to put six European assets up for sale to get approval from European competition authorities for its purchase of Italy's giant Ilvaplant.
Analysts at investment bank Jefferies estimate the combined value of the assets up for sale is $752-940 million and Galati, the country's biggest steel plant employing about 5,600 people, is the largest of those assets.
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