Competition Commission of India
CCI approves acquisition of Krosaki Harima Corporation by Nippon Steel Corporation
प्रविष्टि तिथि: 06 JAN 2026 10:23PM by PIB Delhi
The Competition Commission of India (CCI) has approved acquisition of Krosaki Harima Corporation by Nippon Steel Corporation
The proposed combination involves acquisition by Nippon Steel Corporation (Nippon Steel) of 53.4% shareholding of Krosaki Harima Corporation (Krosaki) by way of a tender offer and potential squeeze out (if applicable) (Proposed Combination). Nippon Steel holds an existing stake of 46.6% in Krosaki and accordingly pursuant to the Proposed Combination, Nippon Steel’s shareholding in Krosaki would be 100%.
Nippon Steel is a Japan-based steelmaker. In India, Nippon Steel is engaged in the business of manufacturing tubes and pipes, and processing automotive cold rolled steel sheets, crankshafts, and auto-parts and also imports and sells various products.
Krosaki is a public listed company established in Japan. In India, Krosaki indirectly through its affiliate entities, is, inter alia, engaged in the manufacture and/or sale of refractory products and services the iron & steel making, lime, steel, aluminium, power, cement, copper, etc. industries.
Detailed order of the Commission will follow.
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(रिलीज़ आईडी: 2211958) आगंतुक पटल : 30
