M&A Deal Summary

ArcelorMittal Acquires Wabush Mines

On September 5, 2007, ArcelorMittal acquired metals/mining company Wabush Mines

Acquisition Highlights
  • This is ArcelorMittal’s 4th transaction in the Metals/Mining sector.
  • This is ArcelorMittal’s 1st transaction in Canada.
  • This is ArcelorMittal’s 1st transaction in Quebec.

M&A Deal Summary
Date 2007-09-05
Target Wabush Mines
Sector Metals/Mining
Buyer(s) ArcelorMittal
Deal Type Add-on Acquisition

Target

Wabush Mines

Sept-iles, Quebec, Canada
Wabush Mines Ltd. is an iron ore and pellet producer in northeastern Canada.

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Buyer(S) 1

Buyer

ArcelorMittal

Luxembourg, Luxembourg
Category Company
Founded 1976
Sector Metals/Mining
Employees126,756
Revenue 68.3B USD (2023)
DESCRIPTION

ArcelorMittal is a provider of steel producer and mining company. Guided by a philosophy to produce safe, sustainable steel, it is the supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging. ArcelorMittal was incorporated in 1976 and is based in Luxembourg City.

DEAL STATS #
Overall 4 of 19
Sector (Metals/Mining) 4 of 14
Type (Add-on Acquisition) 2 of 15
State (Quebec) 1 of 1
Country (Canada) 1 of 3
Year (2007) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-23 Sicartsa

Mexico

Sicartsa is a fully integrated producer of long steel, with an annual production capacity of approximately 2.7 million tonnes.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-12 Arcelor Brasil SA

Belo Horizonte, Brazil

Arcelor Brasil SA is a manufacturer of metals.

Buy -
Mergr

Product

Company

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