China Baowu acquires 51% stake in Maanshan Iron and Steel Group

China Baowu Steel Group signed a restructuring implementation agreement to acquire a 51% stake in Maanshan Iron and Steel Group from Anhui SASAC, making Baowu the controlling shareholder. The deal was announced on September 19, 2019.

“China Baowu and Maanshan Iron and Steel Group restructuring implementation agreement signing ceremony held today”news.metal.com

• 2 sources
• news.metal.comThe restructuring and signing of China Baowu and Maanshan Iron and Steel Group is only one step away from the world's largest steel company. - Shanghai Metals Market (SMM)SMMSep 19, 2019
• steelorbis.comChina’s Baowu and Masteel Group hold signing ceremony for mergerEunice OuyangSep 19, 2019

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