# Sumitomo Mitsui Construction to acquire 70% stake in Mitsui E&S Steel Structures Engineering

Sumitomo Mitsui Construction agreed to acquire a 70% stake in Mitsui E&S Steel Structures Engineering from Mitsui E&S Holdings for ¥1 billion. The transaction is expected to close on October 1, 2020.

- Type: Acquisition
- Announced: 2020-05-12
- Where: Japan
- Value: $9.30M (1.00B JPY)
- Status: announced
- Products: steel structures
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Sumitomo Mitsui Construction](https://endata.com/companies/47187.md) (acquirer)
- [Mitsui E&S Steel Structures Engineering](https://endata.com/companies/47188.md) (target)
- [Mitsui E&S Holdings](https://endata.com/companies/47189.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SUMITOMO-MITSUI-CONSTR-6492757/news/Sumitomo-Mitsui-Construction-Co-Ltd-agreed-to-acquire-70-stake-in-Mitsui-E-S-Steel-Structures-En-33871495/), 2020-05-12: "Sumitomo Mitsui Construction Co., Ltd. agreed to acquire 70% stake in Mitsui E&S Steel Structures Engineering Co., Ltd. from Mitsui E&S Holdings Co., Ltd. for ¥1 billion."

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