# Ansteel Group plans to merge with Lingyuan Steel Group

Ansteel Group is planning to merge with Lingyuan Steel Group, the controlling shareholder of Lingyuan Iron and Steel Co., which may result in a change of controlling shareholder for Lingyuan Steel.

- Type: Acquisition
- Announced: 2022-06-22
- Where: Liaoning Province, China
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ansteel](https://endata.com/companies/32720.md) (acquirer)
- [Lingyuan Steel Group](https://endata.com/companies/63645.md) (target)
- [Lingyuan Iron and Steel Co.](https://endata.com/companies/63646.md) (target)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/ansteel-group-plans-to-merge-with-lingyuan-steel-group-1249641.htm), 2022-06-23: "Liaoning Province-based Chinese steelmaker Lingyuan Iron and Steel Co., Ltd. (Lingyuan Steel) announced on June 22 that Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group (Ansteel Group) is planning to merge with Lingyuan Steel’s controlling shareholder Lingyuan Steel Group."

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