Baosteel Group acquires Xinxing Cast Pipe Xinjiang for 2.18B yuan

Xinjiang Tianshan Iron and Steel, a subsidiary of Baosteel Group Xinjiang Bayi Iron and Steel, intends to acquire 100% equity of Xinxing Cast Pipe Xinjiang Co., Ltd. for 2.181 billion yuan.

“Xinjiang Tianshan Iron and Steel Co., Ltd., the controlling subsidiary of Baosteel Group Xinjiang Bayi Iron and Steel Co., Ltd., intends to acquire 100% equity of Xinxing cast Pipe Xinjiang Co., Ltd., the equity transfer price is 2.181 billion yuan.”news.metal.com

• 1 source
• news.metal.comBaosteel Group acquires the second largest steel company in Xinjiang with nearly 2.2 billion yuan - Shanghai Metals Market (SMM)Bayi Iron, SteelNov 23, 2020

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