# 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.

- Type: Acquisition
- Announced: 2024-09-08
- Where: Tianjin and Henan province, China
- 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

- [Baoshan Iron & Steel (Baosteel)](https://endata.com/companies/79679.md) (partner)
- [Baowu Aluminium](https://endata.com/companies/79680.md) (partner)
- [Kobe Steel (Kobelco)](https://endata.com/companies/79681.md) (partner)

## Sources

- [alcircle.com](https://www.alcircle.com/news/eu-clears-baosteel-baowu-aluminium-and-kobelco-s-joint-venture-in-the-automotive-aluminium-sector-111921), 2024-09-08: "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."

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