Next step to build a world leader in special steel
- Sanyo Special Steel acquires OvakoAs part of the next step to integrate Ovako into the Nippon Steel & Sumitomo Metal Corporation (NSSMC), Ovako will be acquired by Sanyo Special Steel. NSSMC, who today is the largest shareholder of Sanyo Special Steel, will in conjunction with the acquisition increase its shares and make Sanyo Special Steel a subsidiary. This will enable an even stronger cooperation between Ovako, NSSMC and Sanyo Special Steel with ambition to strengthen the special steel offering to the global market. The closing of the acquisition is expected to be completed by March
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