# 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.

- Type: Acquisition
- Announced: 2017-03-22
- Where: Japan
- Status: announced
- Products: iron and steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mitsubishi & Co.](https://endata.com/companies/23005.md)
- [NIPPON STEEL & SUMIKIN BUSSAN CORPORATION](https://endata.com/companies/23006.md) (target)

## Sources

- [mitsubish.co](https://mitsubish.co/jp/en/release/2017/1222999_10832.html), 2017-03-22: "Both parties will commence discussions regarding transferring a part of the iron and steel products business of the Mitsubishi & Co. group to NSSB."

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