Nippon Steel & Sumitomo Metal Corporation (NSSMC) has completed the procedures to acquire 51% of the common shares of Sanyo Special Steel Co., Ltd., and has made the company a subsidiary of NSSMC.
Sanyo Special Steel has also acquired all shares of Ovako AB, a manufacturer of special steel from NSSMC, and made Ovako a wholly-owned subsidiary.
Image courtesy of Nippon Steel & Sumitomo Metal Corporation