# Baowu Steel to acquire 51% stake in TISCO

Baowu Steel will take over stainless steel maker Taiyuan Iron & Steel Group (TISCO) by acquiring a 51% stake, as reported by Reuters.

- Type: Acquisition
- Announced: 2020-08-21
- Where: China
- Status: announced
- Products: stainless steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Taiyuan Iron and Steel Group](https://endata.com/companies/47791.md) (target)
- [Baowu Steel](https://endata.com/companies/49388.md) (acquirer)

## Sources

- [agmetalminer.com](https://agmetalminer.com/2020/08/21/this-morning-in-metals-chinas-baowu-to-take-majority-stake-in-tisco/), 2020-08-21: "Baowu Steel will take over stainless steel maker Taiyuan Iron & Steel Group Co Ltd (TISCO), Reuters reported."

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