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Baosteel to acquire Nippon Steel's 50% stake in auto steel joint venture · Endata

◂ Announcements

Jul 23, 2024ACQUISITIONChina

Baosteel to acquire Nippon Steel's 50% stake in auto steel joint venture

China's Baosteel will acquire Nippon Steel's 50% stake in their auto steel joint venture for about $242 million.

Value

$242.0M

Status

Announced

Productsauto steel

CompaniesNippon Steel target Baosteel acquirer Baosteel-Nippon Steel Automotive Steel Sheets Co., Ltd. target

Sectors#Steel and Metal Products #Automotive Components

“China’s Baosteel said Tuesday that it will acquire Nippon Steel’s 50% stake in their auto steel joint venture for about $242 million.”apnews.com

3 sources
apnews.comChina's Baosteel to buy out Nippon Steel's 50% stake in auto steel venture | AP NewsJul 23, 2024
mesteel.comBaosteel to acquire Nippon Steel's 50pct share in steel JV for USD 242 mln — MESteelJul 23, 2024
steelorbis.comBaosteel to acquire BNA, ending 20-year cooperation with Nippon SteelEunice OuyangJul 24, 2024

Summarized from public sources; check the original articles before acting on it.

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ArcelorMittal signs slab supply agreement with Nippon Steel
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