30
Jan
18:12
Competition authority approves NSSMC acquisition of Nisshin Steel
The Japan Fair Trade Commission (JFTC) will not stand in the way of Nippon Steel & Sumitomo Metal Corporation (NSSMC) acquiring a majority stake in Nisshin Steel.
Last May NSSMC entered into an agreement to acquire 51% ownership in Nisshin by means of a tender offer, through which NSSMC will acquire common shares of Nisshin Steel (see Kallanish 16 May). If the tender offer did not result in 51% ownership, a capital increase by third-party allotment…
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Anonymous
Very good overview of the weekly steel market.
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