# 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%.

- Type: Acquisition
- Announced: 2024-09-07
- Where: Shanghai, Tianjin, Henan, China
- Value: $127.0M (900.0M CNY)
- Status: announced
- Products: automotive aluminium sheets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Kobelco](https://endata.com/companies/27063.md) (partner)
- [Baoshan Iron and Steel Co Ltd](https://endata.com/companies/40103.md) (partner)
- [Baowu Aluminum](https://endata.com/companies/41217.md) (partner)

## Sources

- [english.news.cn](https://english.news.cn/20240907/2813aaa63bda4265bcb6542bd2b5f9e2/c.html), 2024-09-07: "The European Commission concluded that the notified transaction would not raise competition concerns."

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