Marubeni-Itochu Steel Inc. (hereinafter “MISI”), a worldwide leading Japanese steel trading and processing company, has signed on July 22, 2024, an strategic agreement with Network Steel Resources, S.A. (“NSR”) to enter in its capital through a minority stake.<\/p>\n
NSR is a leading independent flat steel group in the Iberian Peninsula, the Company counts with 7 modern production plants and an annual sales volume of more than 1 million tons.<\/p>\n
MISI is a Joint Venture between the Japanese Trading Houses Marubeni Corporation (listed company in Tokyo, with a market capitalization of more than 27,000 million euros) and Itochu Corporation (listed company in Tokyo with a market capitalization of more than 57,000 million euros), which reports a sales volume close to 24,000 million euros and owns more than 100 companies across multiple geographies globally.<\/p>\n
This transaction consolidates the commercial partnership between NSR and MISI, companies that have a close collaborative relationship and now formalize it through this strategic agreement. MISI’s entry into NSR’s shareholding is motivated by a joint project to achieve a new stage of growth, driven by a diversification of products, markets, creation of synergies and know-how shared by both groups.<\/p>\n
On NSR’s side, the transaction has been advised by DC Advisory (investment bank part of the Japanese group Daiwa Securities) and Ur\u00eda Men\u00e9ndez. Cuatrecasas acted as legal advisor to MISI.<\/p>\n
Click here to read the press article:<\/p>\n
https:\/\/cincodias.elpais.com\/companias\/2024-07-23\/el-grupo-japones-marubeni-itochu-steel-toma-una-participacion-minoritaria-en-la-espanola-network-steel.html<\/a><\/p>\n https:\/\/www.diariodeleon.es\/leon\/240723\/1583085\/grupo-japones-marubeni-itochu-toma-participacion-minoritaria-network-steel.html<\/a><\/p>\n