9,758.14 TRY BIST 100 BIST 100
34.03 USD USD USD
37.89 EUR EUR EUR
4.84 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.62 TRY Interest Interest
73.18 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.24 USD Copper Copper
91.89 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,813.09 TRY Gold (gr) Gold (gr)

Marubeni-Itochu Steel invests in Spanish steelmaker NSR

Marubeni-Itochu Steel Inc. (MISI), a Japanese steel giant, has acquired a stake in Network Steel (NSR), a Spanish steel rolling processing company, in a major investment deal. The agreement aims to strengthen the collaboration between the two companies and expand their presence in the European market.

Marubeni-Itochu Steel invests in Spanish steelmaker NSR

The investment is expected to significantly impact NSR's future growth, even though the exact percentage of shares acquired by MISI has not been disclosed. Oscar Heckh, the company's CEO, continues to hold a 63.8% stake in NSR, and this investment is known to be changing the company's capital structure.

Commenting on the deal, NSR stated, "This transaction strengthens the commercial partnership between NSR and MISI. This strategic agreement is driven by a joint project to diversify products and markets, create synergies, and leverage the know-how shared by both groups to reach a new stage of growth."

MISI expressed their views on the partnership, saying, "Through this investment, our company aims to expand its commercial presence in Europe, where stable economic growth is expected, and contribute to enhancing NSR's corporate value by leveraging our stakeholders and business infrastructure."

MISI emphasizes that this investment presents an opportunity to expand its operations in Europe and enhance NSR's value. NSR, on the other hand, sees this strategic partnership as a means to broaden its product range, markets, create synergies, and access new growth opportunities.

This strategic investment is expected to significantly contribute to the future growth and competitiveness of both NSR and MISI.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Domestic rebar prices in India have remained stable

Wednesday, September 18, 2024

Celsa rejects offers for the sale of its Polish plant

Wednesday, September 18, 2024

Russian Railways to raise freight rates significantly

Wednesday, September 18, 2024

China's crude steel production decreased by 10.4% in August

Wednesday, September 18, 2024

Sponge iron production in India has increased by 8% in the last 5 years

Wednesday, September 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now