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JFE Steel Corporation Signed an Agreement to Acquire Vietnam Formosa Ha Tinh of 5% Stakes

  • Thursday, September 24, 2015
  • Source:ferro-alloys.com

  • Keywords:JFE Steel Corporation acquire Vietnam Formosa Ha Tinh
[Fellow][Ferro-alloys.com] Japan steelmaker JFE Steel Corporation announced that the company has signed a contract for US$2.25 billion acquisition of Formosa Ha Tinh of 5% stake. Meanwhile, Ha Tinh was a joint venture company, the first integrated steel mill in Vietna...

[Ferro-alloys.com] Japan steelmaker JFE Steel Corporation announced that the company has signed a contract for US$2.25 billion acquisition of Formosa Ha Tinh of 5% stake. Meanwhile, Ha Tinh was a joint venture company, the first integrated steel mill in Vietnam. 

Currently, Taiwan’s Formosa Plastics Group holds 81% shares, CITIC owns 19% shares. After the acquisition is completed, Formosa will hold 70%, CITIC will hold 25%, and JFE steel will hold 5%, respectively.

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  • [Editor:Chen Lian Hai]

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