Shagang Group to acquire 60% stake in NISCO for RMB16 billion
2022-10-20 15:47:48
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Nanjing Iron & Steel United Co.Asian Metal Copyright and Shanghai Fosun Industry and Technology Development Co.Asian Metal Copyright, Ltd.Asian Metal Copyright NISCO announced on October 19 that Fosun Group, together with its subsidiaries Shanghai Fosun Industry Investment Co.Asian Metal Copyright (NISCO) announced on October 19 that Fosun Group, together with its subsidiaries Shanghai Fosun Industry Investment Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal CopyrightNanjing Iron Steel United Co.Asian Metal Copyright and Shanghai Fosun Industry and Technology Development Co.Asian Metal Copyright NISCO announced on October 19 that Fosun Group, together with its subsidiaries Shanghai Fosun Industry Investment Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright, entered into an agreement with Jiangsu Shagang Group Co.Asian Metal Copyright and Shanghai Fosun Industry and Technology Development Co.Asian Metal Copyright, Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright on October 14 to transfer their 60% equity interest in NISCO to Shagang Group for consideration of up to RMB16 billion (USD2.Asian Metal Copyright, entered into an agreement with Jiangsu Shagang Group Co.Asian Metal Copyright21 billion).
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