Mitsubishi to transfer steel business to NSSB and acquire additional shares

Mitsubishi & Co. agreed to transfer part of its iron and steel products business to NIPPON STEEL & SUMIKIN BUSSAN CORPORATION (NSSB) and acquire additional shares in NSSB to strengthen their capital relationship, making NSSB an equity-method associate.

“Mitsubishi and NSSB started discussion last March on the Transaction and have entered into an agreement, as stated above.”mitsubish.co

• 1 source
• mitsubish.coConclusion of a definitive agreement on transferring 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.Sep 29, 2017

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