F-Tech to acquire a 90% stake in India Steel Summit from Sumitomo.

Synopsis

F-Tech, a firm involved in the manufacture and sale of automotive components, agreed to acquire a 90% stake in India Steel Summit from Sumitomo, a provider of export trade, technology transfer, supply chain management. Financial terms were not disclosed.

Principals

target

India Steel Summit Private

bidder

F-tech

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Market Context

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Bidder Team (1)

yuichi fukuda

President and CEO at F-TECH INC

Manager

bidder

Deal

n/a

Total Value

Vendor Team (4)

naoko adachi

Associate at Herbert Smith Freehills

Lawyer

vendor

Deal

n/a

Total Value

masayuki hyodo

CEO at SUMITOMO CORPORATION

Manager

vendor

Deals

£ 16.22 B

Total Value

ryu long

Associate at Herbert Smith Freehills

Lawyer

vendor

Deals

£ 552 M

Total Value

joseph fisher

Partner at Herbert Smith Freehills

Lawyer

vendor

Deals

£ 5.99 B

Total Value

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