# 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.

- Type: Acquisition
- Announced: 2018-12-03
- Status: announced
- Products: special steel, tubes and pipes, auto parts
- 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)
- [Ovako AB](https://endata.com/companies/32336.md) (target)
- [Sanyo Special Steel](https://endata.com/companies/33530.md) (target)

## Sources

- [india.com](https://www.india.com/news/cci-clears-nippon-steels-51-acquisition-in-sanyo-steel-3459036/), 2018-12-03: "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."

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