15
Mar
09:45
NSSMC to buy Ovako
Japan’s Nippon Steel and Sumitomo Metal Corporation (NSSMC) has entered into an agreement to buy Swedish special steel producer Ovako, it tells Kallanish. It adds that it aims to complete the acquisition by the end of September.
NSSMC did not say how it would acquire Ovako or how it would pay. A majority of Ovako was bought by investment fund Triton in 2010 after the Swedish firm struggled with the consequences of the financial crisis.
The steelmaker sa…
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Anonymous
Very good overview of the weekly steel market.
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