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Mittal’s Aperam Eyes Stainless Steel Tie-Up With Acerinox

  • Aperam and Acerinox both confirm early-stage merger talks
  • Family-backed companies both valued at over 3 billion euros
Updated on

Aperam SA, the stainless steel producer spun off from ArcelorMittal SA, is considering a combination with Spanish rival Acerinox SA to create the biggest producer of the metal in Europe.

“Aperam confirms that very preliminary discussions with Acerinox with respect to a possible transaction that may result in a business combination have been recently engaged,” the firm said in a statement Friday. Acerinox also confirmed the talks. Bloomberg News had earlier reported that the companies were studying a potential deal.