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L&L acts for Nippon Steel, Sumitomo on India leg of Sanyo steel buy

Competition watchdog CCI has cleared Japan-based Nippon Steel & Sumitomo Metal Corporation’s acquisition of 51 per cent shareholding in Sanyo Steel.
The Economic Times

Sanyo is active in Indian special steel manufacturing via subsidiaries Sanyo Special Steel India and Mahindra Sanyo Special Steel Pvt Ltd.

L&L Partners advised Nippon Steel and Sumitomo Metal Corporation (NSSMC) led by a team of partner Abdullah Hussain, managing associate Nidhi Singh Prakash, senior associate Divye Sharma.

Also advising was Nishimura & Asahi, Japan.


Primary jurisdiction of deal: Japan

Deal value: $615.54m (globally)

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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