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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.

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SteelRadar Insight - Sayı 1 (Haziran 2024)

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