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Nippon Steel seeks Indian approval for global acquisition of Krosaki Harima

By Freny Patel ( October 29, 2025, 08:38 GMT | Insight) -- Nippon Steel is seeking merger clearance for its full acquisition of Krosaki Harima Corporation in India under the deal value threshold rules. With the transaction requiring a shift from joint control to sole control, the Japanese steel major has informed the Competition Commission of India that it would not impact competition given Nippon Steel's limited market presence and the fact that the two companies do not offer similar products.Nippon Steel's planned tender offer to acquire Krosaki Harima Corporation and make it a wholly-owned subsidiary requires approval in India under the deal value threshold rules....

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