Essar and AM/NS agree to a $2.4 billion (about 19,000 crore) sale of infrastructure assets.
Essar and AM/NS agree to a $2.4 billion (about 19,000 crore) sale of infrastructure assets.
In one of the largest post-pandemic M&A deals in India,
Essar today announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS)
for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant
operations.
The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal
at Hazira, Gujarat, between Essar and ArcelorMittal.
Essar today announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS)
for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant
operations.
The deal also envisages a 50-50 Joint Venture partnership, for building a 4 MTPA LNG terminal
at Hazira, Gujarat, between Essar and ArcelorMittal.
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- Issued By
- Essar
- Country
- India
- Categories
- Advertising · Automotive
- Last Updated
- October 31, 2022