# Mitsui Bussan Steel transfers MM Building Materials stake to Mitsui & Co.

Mitsui Bussan Steel (MBS) transferred its 50% stake in MM Building Materials, a construction steel and scrap trading joint venture with Metal One, to Mitsui & Co. effective October 1, 2022, to strengthen Mitsui's involvement in infrastructure and cold iron source strategy.

- Type: Acquisition
- Announced: 2022-10-01
- Where: Japan
- Status: completed
- Products: construction steel, scrap
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Mitsui Bussan Steel](https://endata.com/companies/65738.md)
- [Mitsui & Co.](https://endata.com/companies/10710.md) (acquirer)
- [MM Building Materials](https://endata.com/companies/65739.md) (target)

## Sources

- [japanmetaldaily.com](https://www.japanmetaldaily.com/articles/-/114010), 2022-10-04: "三井物産の経営関与を強化するのが狙い。インフラ領域や冷鉄源戦略を加速させる。"

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