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| JFE Steel takes 8% interest in Vietnamese steel pipe maker | |
| Date:2010-02-20] [ Back ] | |
| Japan's JFE Steel Corp. said Tuesday that it has obtained an eight per cent stake in Vietnam-based steel pipe maker Sun Steel Joint Stock Co., with an eye toward boosting exports. The JFE Holdings Inc. (TSE:5411) steelmaking unit has purchased 16.64 million shares in Sun Steel from Maruichi Steel Tube Ltd. (TSE:5463) for an undisclosed sum. Maruichi held a 72.29 per cent interest in Sun Steel prior to the share sale. Sun Steel is a joint venture between Japanese, Taiwanese and other companies. |
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