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.
