# Nippon Steel & Sumitomo Metal to make Nisshin Steel a subsidiary

Nippon Steel & Sumitomo Metal (NSSMC) received approval from the Japan Fair Trade Commission to make Nisshin Steel a subsidiary. NSSMC will conduct a tender offer in February 2017 to raise its stake from 8.3% to 51%. To address antitrust concerns, NSSMC will transfer technology and manufacturing rights for certain steel products to Kobe Steel and Nippon Yakin Kogyo.

- Type: Acquisition
- Announced: 2017-01-30
- Where: Japan
- Status: announced
- Products: stainless cold-rolled steel sheet, hot-dip zinc-aluminum-magnesium alloy coated steel sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Kobe Steel](https://endata.com/companies/6583.md) (partner)
- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (acquirer)
- [Nisshin Steel](https://endata.com/companies/21794.md) (target)
- [Nippon Yakin Kogyo](https://endata.com/companies/21795.md) (partner)

## Sources

- [nikkei.com](https://www.nikkei.com/article/DGXLASDZ30I1B_Q7A130C1TJC000/), 2017-01-30: "新日鉄住金は30日、日新製鋼の子会社化について公正取引委員会から承認を受け、一部製品は神戸製鋼所などに技術や製造権を譲渡すると正式発表した。"

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.