Nippon Steel considers making Sanyo Special Steel a subsidiary
15/03/2018 06:26
TOKYO, March 15 (Reuters) - Nippon Steel & Sumitomo Metal
Corp 5401.T , Japan's biggest steelmaker, said on Thursday it
was considering making Sanyo Special Steel Co 5481.T a
subsidiary.
* Nippon Steel said Sanyo Special Steel would continue to be
a listed company after becoming its subsidiary
* Nippon Steel also said it has reached an agreement to buy
Sweden's Ovako in the first half of fiscal year 2018/19, pending
regulatory approval
(Reporting by Minami Funakoshi and Chang-Ran Kim; Editing by
Gopakumar Warrier)
((minami.funakoshi@thomsonreuters.com; +81-3-6441-1386; Reuters
Messaging: minami.funakoshi.reuters.com@reuters.net,
twitter.com/MinamiFunakoshi))