30 September 2022
The Competition Commission of India (CCI) on Thursday said it has approved the acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Limited. The proposed combination involves the acquisition of certain assets: (a) Power Assets (Essar Power Hazira Limited (EPHL), Gandhar Hazira Transmission Limited (GHTL)); (b) Port Assets (Hazira Cargo Terminals Limited (HCTL), Ibrox Aviation & Trading Private Limited (IATPL), Essar Bulk Terminal Limited (EBTL), Essar Bulk Terminal Paradip Limited (EBTPL), Essar Vizag Terminals Limited (EVTL)); (c) Other Assets (Snow White Agencies Private Limited (SWAPL), Bhagwat Steel Limited (BSL)) from the Essar Group (target) by ArcerlorMittal Nippon Steel India Limited (acquirer).
The Competition Commission of India (CCI) on Thursday said it has approved the acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Limited. The proposed combination involves the acquisition of certain assets: (a) Power Assets (Essar Power Hazira Limited (EPHL), Gandhar Hazira Transmission Limited (GHTL)); (b) Port Assets (Hazira Cargo Terminals Limited (HCTL), Ibrox Aviation & Trading Private Limited (IATPL), Essar Bulk Terminal Limited (EBTL), Essar Bulk Terminal Paradip Limited (EBTPL), Essar Vizag Terminals Limited (EVTL)); (c) Other Assets (Snow White Agencies Private Limited (SWAPL), Bhagwat Steel Limited (BSL)) from the Essar Group (target) by ArcerlorMittal Nippon Steel India Limited (acquirer).
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