By Nathan Allen

German steelmaker Salzgitter AG (SZG.XE) said Monday that it has submitted an offer to buy several assets that ArcelorMittal (MT.AE) is selling to gain approval for its acquisition of Italy's Ilva.

The units are in ArcelorMittal's Dudelange site in Luxembourg and Liege, Belgium, Salzgitter said.

"The facilities in question are essentially two cold-rolling lines, as well as facilities for tinning, hot-dip galvanizing and the electrolytic galvanization of steel strip," Salzgitter said.

The company didn't disclose the value of the bid, which is part of a competitive tender.

The transaction is contingent on ArcelorMittal's succesful acquisition of Ilva, Salzgitter said.

Write to Nathan Allen at nathan.allen@dowjones.com

(END) Dow Jones Newswires

July 16, 2018 11:04 ET (15:04 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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