Sanyo Special Steel’s acquisition of Ovako completed
- Both Ovako and Sanyo Special Steel are now part of the Nippon Steel & Sumitomo Metal CorporationSanyo Special Steel’s acquisition of Ovako (announced in a press release dated August 2, 2018) has been completed as planned. In conjunction with the acquisition, Nippon Steel & Sumitomo Metal Corporation (NSSMC) has increased its ownership in Sanyo Special Steel, which now becomes a majority-owned subsidiary of NSSMC. This enables a closer cooperation between the three companies with the ambition