Indian-origin tycoon to acquire Mittal's US unit

span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} UK-based Indian-origin entrepreneur Sanjeev Gupta's Liberty House Group on Friday announced an in- principal agreement to acquire ArcelorMittal's Georgetown Steelworks in South Carolina.

The proposed deal between Liberty House and NRI steel magnate Lakshmi N Mittal's US steelworks includes a 540,000- tonne a year electric arc furnace and 680,000-tonne a year rod mill.document.write(""); googletag.cmd.push(function() { googletag.defineOutOfPageSlot('/6516239/outofpage_1x1_desktop', 'div-gpt-ad-1490771277198-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().enableSyncRendering(); googletag.enableServices(); });

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