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JFE Steel Corporation Japan Stakes in Indian JSW Steel Latest Business News:

JFE Steel reports, ”JFE Steel will acquire a stake in JSW Steel by subscribing to a preferential allotment at a cost of Rs48 billion. The company plans to acquire 14.99 per cent voting rights.

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JFE Holdings, a Japanese steelmaker, intends to buy a 14.9 per cent stake in JSW Steel, India’s third-largest producer, for $1bn. The deal values JSW at $6.7bn, well above the company’s market valuation of $4.6bn. … For JSW, which is being advised .. [view original]

Japan’s JFE and U.S. Steel give gloomy outlook; TOKYO/NEW YORK (Reuters) – Japan’s JFE Holdings , the world’s fifth-largest steelmaker, returned to a profit on Tuesday and U.S. Steel posted a … [view original]

JSW Steel Tuesday announced that JFE Holdings, Japan’s second largest steelmaker by output, would pick up 14.99 percent stake in the company. [view original]

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