EU approves Baosteel-Baowu Aluminium-Kobelco automotive aluminium joint venture

The European Commission approved the creation of a joint venture by Baoshan Iron & Steel, Baowu Aluminum and Kobelco to produce automotive aluminium sheets in China, with Kobelco holding 50% and Baosteel/Baowu the other 50%.

“The European Commission concluded that the notified transaction would not raise competition concerns.”english.news.cn

• 1 source
• english.news.cnEU approves Baosteel-Baowu Aluminium-Kobelco joint venture-XinhuaSep 7, 2024

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