NEWS RELEASE
Notice of the Transfer of Equity Interests in AM/NS Calvert LLC at the Closing of USS Acquisition
Oct. 11, 2024
Nippon Steel Corporation
Nippon Steel Corporation (“Nippon Steel”) announced today that it has entered into a definitive Equity Purchase Agreement with ArcelorMittal S.A. (“ArcelorMittal”) pursuant to which Nippon Steel has agreed to transfer all shares of its wholly owned subsidiary, NS Kote, Inc., to ArcelorMittal substantially concurrently with the consummation of Nippon Steel’s pending acquisition of United States Steel Corporation. Nippon Steel’s Board of Directors approved the Share Transfer today.
The details are described below.
For inquiries
https://www.nipponsteel.com/en/contact/