EU clears Baosteel, Baowu Aluminium, and Kobelco automotive aluminium joint venture

The European Commission approved a joint venture between Baoshan Iron & Steel (Baosteel), Baowu Aluminium, and Kobe Steel (Kobelco) to produce automotive aluminium sheets in China. Kobelco will hold 50%, with Baosteel and Baowu Aluminium sharing the remainder. The venture will operate facilities in Tianjin and Henan province.

“The European Commission has recently approved a joint venture between Baoshan Iron & Steel (Baosteel), Baowu Aluminium, and Japan's Kobe Steel (Kobelco) under the EU Merger Regulation.”alcircle.com

• 1 source
• alcircle.comEU clears Baosteel, Baowu Aluminium, and Kobelco's joint venture in the automotive aluminium sectorRupankar MajumderSep 8, 2024

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