Brief: Nippon Steel & Sumitomo Metal commences discussions to buy stake in Sanyo Special Steel

Sanyo Special Steel Co

15/03/2018 06:46

March 15 (Reuters) - Nippon Steel & Sumitomo Metal Corp
 5401.T  
    
    * Says it have commenced discussions to make Sanyo Special
Steel
Co Ltd  5481.T  a subsidiary of the company 
    * The target date of transaction is March 2019
    * Sanyo Special Steel Co Ltd will continue to be a listed
company
after it becomes the co's subsidiary

    
    Source text in Japanese:http://bit.ly/2FHAA40
    Further company coverage: 5401.T  5481.T 

 (Beijing Headline News)
 ((Beijing.HeadlineNews@thomsonreuters.com; +8601082555111;
Reuters Messaging: Pingping.Li1@thomsonreuters.com@reuters.net))