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NSSMC to acquire additional shares of Katakura Steel Tube, making it a subsidiary · Endata

◂ Announcements

Dec 6, 2017ACQUISITIONJapan

NSSMC to acquire additional shares of Katakura Steel Tube, making it a subsidiary

Nippon Steel & Sumitomo Metal Corp. (NSSMC) signed an agreement to acquire additional shares of Katakura Steel Tube, increasing its stake to around 80% and making it a subsidiary.

Status

Announced

Productssteel tubes for automobiles and construction machinery

CompaniesNippon Steel & Sumitomo Metal acquirer Katakura Steel Tube Co., Ltd. target

Sectors#Steel and Metal Products

“NSSMC has announced that it has signed an agreement with Japan-based Katakura Steel Tube Co., Ltd. to acquire additional shares of common stock of Katakura Steel Tube and make it a subsidiary with a stake of around 80 percent.”steelorbis.com

1 source
steelorbis.comNSSMC to make Katakura Steel Tube its subsidiaryDec 6, 2017

Summarized from public sources; check the original articles before acting on it.

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