# 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.

- Type: Acquisition
- Announced: 2017-09-29
- 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/2017/1224647_10832.html), 2017-09-29: "Mitsubishi and NSSB started discussion last March on the Transaction and have entered into an agreement, as stated above."

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