Mitsubishi to transfer steel business to NSSB and acquire additional shares

Mitsubishi & Co. and NIPPON STEEL & SUMIKIN BUSSAN CORPORATION (NSSB) signed a memorandum of understanding to transfer part of Mitsubishi's iron and steel products business to NSSB by April 2018, and for Mitsubishi to acquire additional shares in NSSB.

“Both parties will commence discussions regarding transferring a part of the iron and steel products business of the Mitsubishi & Co. group to NSSB.”mitsubish.co

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• mitsubish.coCommencement of discussions regarding transfer of a part of the iron & steel products business of the Mitsubishi & Co. group to NIPPON STEEL & SUMIKIN BUSSAN CORPORATION and additional acquisition of the shares in NIPPON STEEL & SUMIKIN BUSSAN CORPORATION | 2017 | Releases | MITSUBISHI & CO., LTD.Mar 22, 2017

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