.
MergerLinks Header Logo

New Deal


Announced

China Baowu Steel to acquire 51% stake in Magang.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

iron and steel

Majority

Iron and Steel

Private

Pending

China

Acquisition

Single Bidder

Friendly

Synopsis

Edit

China Baowu Steel, a state-owned Chinese iron and steel company, agreed to acquire a 51% stake in Magang, one of the largest iron and steel enterprises in Mainland China. Financial terms were not disclosed. "The Baowu acquisition is an important measure to accelerate the merger and reorganization of overcapacity industries,” Magang.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US