NSSMC gets go-ahead to buy Nisshin Steel

The Japanese Fair Trade Commission will not issue a “cease-and-desist” order to Japanese steelmaker Nippon Steel & Sumitomo Metal Corp (NSSMC) over its planned acquisition of Nisshin Steel, NSSMC said on Monday January 30.

The commission will not prevent NSSMC from acquiring a majority shareholding in Nisshin Steel providing that both steelmakers comply with the anti-monopoly conditions set out...


Lorenzo Holt

January 31, 2017

14:28 GMT