# HBIS Group to acquire 70% stake in Tata Steel's Southeast Asian assets

HBIS Group will acquire a 70 percent stake in Tata Steel's steel assets in Singapore, Thailand, Vietnam, Malaysia and other Southeast Asian nations for $327 million.

- Type: Acquisition
- Announced: 2019-01-28
- Where: Southeast Asia (Singapore, Thailand, Vietnam, Malaysia), Singapore
- Value: $327.0M
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Tata Steel](https://endata.com/companies/3546.md) (target)
- [HBIS Group](https://endata.com/companies/33829.md) (acquirer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/hbis-group-tata-steel-pen-southeast-asia-equity-buyout-in-beijing), 2019-01-29: "HBIS Group will acquire a 70 percent stake in Tata Steel of India's steel assets in Singapore, Thailand, Vietnam, Malaysia and other Southeast Asian nations."

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