ArcelorMittal Bids for French Steel Assets of Troubled GFG Alliance

GALWAY, IRELAND--June 16, 2021--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--ArcelorMittal's (NYSE:MT) (Luxembourg, Luxembourg) is seeking approval from the European Union (EU) to buy the French steel assets of Liberty Steel France, owned by beleaguered tycoon Sanjeev Gupta and his GFG Alliance (London, England) company.

Within this article: Details bid for French steel plants, financial woes of GFG Alliance, additional planned sales, projects hanging in the balance