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JFE to buy about 10% of JSW Steel

Published on Thu, Nov 19, 2009 at 12:42 |  Source : Reuters

Updated at Thu, Nov 19, 2009 at 12:47  

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JFE to buy about 10% of JSW Steel

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JSW Steel

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Japanese steelmaker JFE Holdings will buy a stake of about 10% in India's JSW Steel for 30 billion yen to 40 billion yen (USD 337 million- USD 449 million), the Nikkei business daily reported on Thursday.

The Japanese steelmaker aims to build a supply base for Japanese carmakers such as Toyota Motor Corp and Nissan Motor Co, which plan to start manufacturing in India, the newspaper said.

 

  

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