Feb. 01, 2018

Nippon Steel & Sumitomo Metal Corporation
Katakura Steel Tube Co., Ltd.

Katakura Steel Tube Became an NSSMC Subsidiary


As announced in the press release dated December 6, 2017, Nippon Steel & Sumitomo Metal Corporation ('NSSMC') has proceeded with the procedures to acquire additional shares of common stock of Katakura Steel Tube Co., Ltd. ('Katakura Steel Tube'), an equity-method affiliate of NSSMC (with a 24.9% shareholding) to make it a subsidiary. NSSMC recently obtained clearance from the Japan Fair Trade Commission and has completed acquisition of Katakura Steel Tube today. Katakura Steel Tube has become a consolidated subsidiary of NSSMC (with an 80% shareholding).

After the acquisition by NSSMC, Katakura Steel Tube today held an extraordinary general meeting of shareholders and a meeting of the board of directors to appoint Koichi Tatsuta as the new Representative Director and the President as of today. At the extraordinary general meeting of shareholders, Katakura Steel Tube also decided to change its trade name to Nippon Steel & Sumikin Katakura Tube Co., Ltd. on April 1, 2018.

Nippon Steel & Sumitomo Metal Corporation published this content on 01 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 February 2018 08:39:03 UTC.

Original documenthttp://www.nssmc.com/en/news/20180201_400.html

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