June 1/2011
Japan Fair Trade Commission
On May 31, 2011, the Japan Fair Trade Commission (hereinafter the “JFTC”) received a submission related to a merger as provided in Paragraph 2, Article 15, of the Antimonopoly Act submitted by Nippon Steel Corporation (“Nippon Steel”) and Sumitomo Metal Industries, Ltd. (“Sumitomo Metals”), and accepted the submission on the same day.
Upon conducting a review of the business combination, the JFTC has decided to call for information from third parties, including those in the same industry and business partners, on the impact on competition if the said merger actually takes place.
*Every announcement is tentative translation. Please refer to the original text written in Japanese.
