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CCI clears Nippon Steel's 51% acquisition in Sanyo Special Steel · Endata

◂ Announcements

Dec 3, 2018ACQUISITION

CCI clears Nippon Steel's 51% acquisition in Sanyo Special Steel

The Competition Commission of India has cleared Nippon Steel & Sumitomo Metal Corporation's acquisition of 51% shareholding in Sanyo Special Steel, and the transfer of 100% shareholding in Ovako AB to Sanyo.

Status

Announced

Productsspecial steeltubes and pipesauto parts

CompaniesNippon Steel & Sumitomo Metal acquirer Ovako AB target Sanyo Special Steel target

Sectors#Steel and Metal Products

“CCI approves acquisition of 51 per cent shareholding in Sanyo Special Steel by Nippon Steel & Sumitomo Metal; and transfer of 100 per cent shareholding in Ovako AB to Sanyo.”india.com

1 source
india.comCCI clears Nippon Steel’s 51% acquisition in Sanyo Steel | India.comAbout the Author PTI FeedsDec 3, 2018

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

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Mar 16, 2019ACQUISITIONSweden
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