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Announced

Completed

Nippon Steel completed the acquisition of AsiaCredit OpportunitiesI(Mauritius) from Kendrick Global.

Financials

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Transaction Value£560m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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steel

Majority

Thailand

Acquisition

Friendly

Single Bidder

Iron and Steel

Private

Cross Border

Completed

Synopsis

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Nippon Steel, a steel manufacturer, completed the acquisition of Asia Credit Opportunities I(Mauritius) from Kendrick Global, an investment holding entity. Asia Credit Opportunities I(Mauritius) holds 49.99% stake in G Steel and 40.45% stake in G J Steel, for $763m.

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