China Baowu Iron and Steel Group

Activity by year

201820192020202120222023202420252026

Acquisition

Oct 8, 2019ACQUISITIONHefei, China, China
China Baowu and Masteel sign restructuring implementation agreement
China Baowu Iron and Steel Group and Ma Gang (Group) Holding Co., Ltd. signed a restructuring implementation agreement. Anhui SASAC will transfer 51% of Masteel Group shares to China Baowu, making Baowu the indirect controlling shareholder of Masteel.
China Baowu Iron and Steel Group acquirer Ma Gang (Group) Holding Co. target #Steel and Metal Products echemi.com
Jun 3, 2019ACQUISITIONChina
China Baowu Steel Group to acquire 51% stake in Magang Group
China Baowu Iron and Steel Group will take a 51% stake in Magang Group Holding Co. Ltd., as announced by Magang's listed unit on 2 June 2019, pending regulatory approval.
China Baowu Iron and Steel Group acquirer Magang (Group) Holding Co. Ltd. target #Steel and Metal Products caixinglobal.com
Sep 28, 2018ACQUISITIONChina
Baowu Steel in talks to merge with Magang Group
China Baowu Iron and Steel Group is in discussions for a mega merger with Magang (Group) Holding Co. Ltd., which would consolidate Magang's nearly 20 million metric tons of steel production with Baowu's existing 65 million metric tons, reinforcing Baowu's position as the world's second largest steel producer.
China Baowu Iron and Steel Group acquirer Magang (Group) Holding Co. Ltd. target #Steel and Metal Products caixinglobal.com

Acquired

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