Nippon Steel announced that it has decided to enter into a share purchase agreement (“SPA”) to acquire 49.99% shares in G Steel Public Company Limited (“G Steel”) and 49.90% shares in G J Steel Public Company Limited (“G J Steel”), which are integrated steel production mills that produce hot-rolled steel sheets from electric arc furnaces in Thailand, from Kendrick Global Limited (“Kendrick”), an entity owned by funds managed by Ares SSG, an alternative asset manager in Asia-Pacific.
Courtesy of Nippon Steel.