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DC Advisory advises Nippon Steel on its acquisition of the remaining shares of Sanyo Special Steel

Background

  • Nippon Steel Corporation (Nippon Steel) is one of the world’s leading steel producers
  • Sanyo Special Steel Co Ltd (Sanyo Special Steel) is a manufacturer of steel products and materials that are used in a variety of fields
  • Nippon Steel currently owns 53.08% of Sanyo Special Steel shares as the largest shareholder (including shares owned by Nippon Steel Logistics Co., Ltd, Nippon Steel Texeng. Co., Ltd., and Nippon Steel Processing Co., Ltd.)

Process

  • DC Advisory acted as financial advisor and tender offer agent for Nippon Steel 

Outcome

  • In January 2025, Nippon Steel announced its tender offer to make Sanyo Special Steel a wholly-owned subsidiary of Nippon Steel
  • The commencement of settlement for the tender offer launched in March 2025
  • The transaction is expected to close in April 2025 after the procedures to make Nippon Steel the only shareholder of Sanyo Special Steel
  • The financial value of the transaction is approximately 70.5bn JPY
  • This transaction aims to support both Nippon Steel and Sanyo Special Steel to better adjust to longer-term electrification trends

What to read next

Date
Sectors
  • Industrials
Deal type
  • M&A Advisory
Deal locations
Japan
Deal team
Director
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