LIB­ERTY HOUSE ON A SHOP­PING SPREE

Business Today - - THE BUZZ -

UK-based Lib­erty House, led by In­di­an­born Bri­tish busi­ness­man San­jeev Gupta, will buy three more steel plants in Europe from ArcelorMit­tal. These as­sets are the fi­nal part of a di­vest­ment deal agreed upon dur­ing the EC’s merger con­trol probe into ArcelorMit­tal’s ac­qui­si­tion of the Ital­ian steel plant Ilva SpA. Ear­lier, Lib­erty had signed a deal with ArcelorMit­tal to ac­quire units in Ro­ma­nia, the Czech Repub­lic, Mace­do­nia and Italy, all of them part of the same di­vest­ment pack­age.

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