Nippon Steel announced that its tender offer to fully acquire Krosaki Harima, a refractory materials manufacturer headquartered in Kitakyushu, has been successfully completed. The company already held more than 46% of Krosaki Harima’s shares and launched the tender offer on February 2. By March 3, shareholders representing more than 43% of the company’s stock had accepted the offer, allowing the acquisition to proceed. Nippon Steel plans to purchase the remaining shares and delist Krosaki Harima from the stock exchange. The move is intended to strengthen overseas operations in markets such as India and North America while supporting the group’s transition toward lower-carbon steel production methods, including increased use of electric furnaces. Source: NHK / Krosaki Harima
Photo: Krosaki Harima
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