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

Synopsis

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.

Principals

target

G Steel Public Company

bidder

Nippon Steel Corporation

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Market Context

Dealmakers

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