04
Apr
15:47
Nippon Steel secures majority in Thai steelmakers
Japan’s Nippon Steel has released the results of a tender for shares in Thailand’s G Steel Public Company and GJ Steel Public Company. The successful tender has left Nippon with a majority stake in both companies, Kallanish notes.
Nippon has already taken 49.99% of G Steel and 49.9% of GJ Steel as part of its previously announced acquisition plan. In accordance with the securities laws of Thailand, this triggered an automatic tender offer for the remai…
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Anonymous
Very good overview of the weekly steel market.
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