NSSMC has made the European special steel maker Ovako AB a wholly owned subsidiary

Nippon Steel & Sumitomo Metal Corporation  entered into a share purchase agreement in March, 2018 with funds advised by Triton to acquire Ovako AB  which is headquartered in Sweden and manufactures and sells special steel aimed mainly at the European market. Having completed all necessary procedures including the competition authorities’ examination, NSSMC hereby announces that it has acquired whole of the shares of Ovako and made the company a wholly owned subsidiary on June 1st. As from today, both companies will promote business operations in an integrated manner under common business policies as members of the NSSMC Group.

Read more at NSSMC has made the European special steel maker Ovako AB a wholly owned subsidiary.

 

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