# 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.

- Type: Acquisition
- Announced: 2017-12-06
- Where: Japan
- Status: announced
- Products: steel tubes for automobiles and construction machinery
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Nippon Steel & Sumitomo Metal](https://endata.com/companies/21793.md) (acquirer)
- [Katakura Steel Tube Co., Ltd.](https://endata.com/companies/28637.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nssmc-to-make-katakura-steel-tube-its-subsidiary-1014908.htm), 2017-12-06: "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."

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