"The period set aside by the Hart-Scott-Rodino Antitrust Improvements Act (HSR) ended on January 29, 2014. Termination of the HSR satisfies one of the conditions for closing the deal with ThyssenKrupp. If other conditions are met (including additional regulatory approvals), the acquisition will be completed at the end of the first quarter of 2014 or in the second quarter of 2014," ArcelorMittal said in a statement.
ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation have formed a joint venture and will finance the deal with their own and borrowed funds.
Last month, Lakshmi Mittal, chairman and CEO of ArcelorMittal, said that the purchase of ThyssenKrupp AG's steel mill in the United States for $1.5 billion would help the company capitalize on the growing demand for sheet steel for the automotive industry. The plant in Calvert, Alabama, has a steelmaking capacity of 5.3 million tons of steel per year.
ThyssenKrupp is Germany's largest steel producer.
ArcelorMittal is the world's leading mining and metallurgical holding company, represented in more than 60 countries, including Ukraine.
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