Competition watchdog CCI has cleared Japan-based Nippon Steel & Sumitomo Metal Corporation’s acquisition of 51 per cent shareholding in Sanyo Steel. — The Economic Times

Sanyo is active in Indian special steel manufacturing via subsidiaries Sanyo Special Steel India and Mahindra Sanyo Special Steel Pvt Ltd.

L&L Partners advised Nippon Steel and Sumitomo Metal Corporation (NSSMC) led by a team of partner Abdullah Hussain, managing associate Nidhi Singh Prakash, senior associate Divye Sharma.

Also advising was Nishimura & Asahi, Japan.

2018-08-02

Primary jurisdiction of deal: Japan

Deal value: $615.54m (globally)

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