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20 Feb
11:22

Baowu advances acquisition of Sinosteel

China Baowu Group's acquisition of Sinosteel Group is progressing smoothly, according to an announcement issued by the listed subsidiaries of Sinosteel Group. Sinosteel Luonai Materials Technology Corporation said the equity transfer has received fair trade approvals from Australia's Foreign Investment Division, Japan Fair Trade Commission and Turkey's Competition Authority. This is because the restructuring of Sinosteel Group's over…
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