China Baowu Steel Group to acquire 51% stake in Taiyuan Iron & Steel Co

China Baowu Steel Group to acquire 51% stake in Taiyuan Iron & Steel Co

Photo: Reuters

China’s top steel producer China Baowu Steel Group agreed on Friday to acquire a 51% stake in Taiyuan Iron & Steel (Group) Co Ltd, parent company of the country’s second-biggest stainless steelmaker Taigang Stainless Steel Co Ltd.

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