China Baowu Steel Group to acquire 51% stake in Magang Group

China Baowu Iron and Steel Group will take a 51% stake in Magang Group Holding Co. Ltd., as announced by Magang's listed unit on 2 June 2019, pending regulatory approval.

“State-owned China Baowu Iron and Steel Group will take a 51% stake in Magang Group Holding Co. Ltd., an announcement by Magang's listed unit told the Shanghai Stock Exchange on Sunday.”caixinglobal.com

• 1 source
• caixinglobal.comSteel Giant Baowu Closes In on World’s Biggest Steelmaker With Magang Merger - Caixin GlobalLuo Guoping, Yu Ning, David KirtonJun 3, 2019

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