# NSSMC obtains approval to make Sanyo Special Steel a subsidiary

Nippon Steel & Sumitomo Metal Corporation (NSSMC) received approval from the Japan Fair Trade Commission and all foreign competition authorities to make Sanyo Special Steel a subsidiary.

- Type: Acquisition
- Announced: 2019-01-18
- Where: Japan
- Status: completed
- Products: specialty steel
- 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)
- [Sanyo Special Steel](https://endata.com/companies/33530.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/nssmc-obtains-approval-to-make-sanyo-its-subsidiary-1076127.htm), 2019-01-18: "the JFTC has concluded that the proposed transaction will not substantially restrain competition in the particular fields of trade."

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