Sanyo special steel acquires Ovako

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As part of the next step to integrate Ovako into Nippon Steel & Sumitomo Metal Corporation (NSSMC), Ovako will be acquired by Sanyo Special Steel.

NSSMC, which is today the largest shareholder of Sanyo Special Steel, will, in conjunction with the acquisition, increase its shares and make Sanyo Special Steel a subsidiary.

This will enable an even stronger cooperation between Ovako, NSSMC and Sanyo Special Steel with ambitions to strengthen their special steel offering to the global market.