Liberty House declined to comment on the matter at the time of publication.
“The European Commission [EC] likes the idea of integrating steelmaking with downstream industries, and that is basically Liberty House’s investment model,” one market source said.
Liberty House’s interest has arisen because ArcelorMittal is selling some assets as part of the requirements imposed on it before its proposed acquisition of Italian steelmaker Ilva
will be allowed.
In early May this year, the EC conditionally approved the acquisition of Ilva, subject to an extensive package of divestments proposed by ArcelorMittal itself, which would preserve effective...