Japan's NSSMC acquires EU base with Ovako purchase confirmation

Japan's Nippon Steel & Sumitomo Metal Corporation (NSSMC) has completed the purchase of Swedish special steels maker Ovako.

The major Japanese steel producer announced its intention to acquire Ovako from private equity fund Triton on March 15.

"Both companies will promote business operations in an integrated manner under common business policies as...

Published

Viral Shah

Paul Lim

June 05, 2018

12:15 GMT

Singapore, London