# 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.

- Type: Acquisition
- Announced: 2019-09-19
- Where: China
- Status: announced
- Products: crude steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [China Baowu Steel Group](https://endata.com/companies/37069.md) (acquirer)
- [Maanshan Iron & Steel](https://endata.com/companies/37422.md) (target)

## Sources

- [news.metal.com](https://news.metal.com/newscontent/100974113-the-restructuring-and-signing-of-china-baowu-and-maanshan-iron-and-steel-group-is-only-one-step-away-from-the-worlds-largest-steel-company), 2019-09-19: "China Baowu and Maanshan Iron and Steel Group restructuring implementation agreement signing ceremony held today"
- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/chinas-baowu-and-masteel-group-hold-signing-ceremony-for-merger-1111797.htm), 2019-09-19: "China’s Baowu and Masteel Group have held a signing ceremony on September 19 for a restructuring implementation agreement"

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