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Tag: Sanyo Steel

  • Nippon Steel gets Approval from CCI for its Acquisition of Sanyo Steel

    Nippon Steel gets Approval from CCI for its Acquisition of Sanyo Steel

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    by

    Aditi Tiwari
    in

    According to the latest reports, competition watchdog CCI (Competition Commission of India) has approved Japan-based Nippon Steel & Sumitomo Metal Corporation’s acquisition of 51% shareholding in Sanyo Steel. Besides, the regulator has approved the transfer of 100% shareholding in Ovako to Sanyo Steel. In August 2018, Nippon Steel had announced its decision to increase its…