Announced
Financials
Sources
Tags
Minority
Pending
Acquisition
Single Bidder
Cross Border
Indonesia
Iron and Steel
Private
Friendly
nickel
Synopsis
Jindal Stainless, a stainless steel provider, agreed to acquire a 49% stake in New Yaking, a nickel supplier, for $157m. “This path breaking collaboration will enhance value for stakeholders with JSL acquiring a stake in nickel supply to create raw material security for its SS operations. This acquisition will usher a sharper competitive advantage to JSL in Indian and international markets,” Abhyuday Jindal, Jindal Stainless Managing Director.
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