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New Deal


Announced

China Baowu to acquire a 51% stake in TISCO for $2.1bn.

Financials

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Transaction Value£1,596m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

China

Friendly

Majority

Single Bidder

steel producer

steel production

Iron and Steel

Pending

steel manufacturer

Private

Synopsis

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China Baowu Steel Group, a steelmaker, agreed to acquire a 51% stake in Taiyuan Iron & Steel Group, a steel manufacturer, for $2.1bn. "A controlling stake in TISCO will help Baowu achieve a goal of producing 100m tonnes of steel per year and enhance its overall competitiveness in the stainless steel sector,” Baowu.

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