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Home / Metal News / JSW Steel acquires the remaining shares of GSILucchini

JSW Steel acquires the remaining shares of GSILucchini

iconDec 23, 2020 13:47
Source:SMM compilation

JSWSteel, one of India's largest steelmakers, announced that its Italian subsidiary JSWSteel Italy had signed an agreement with South Africa-based Industrial Development Cooperation to buy the remaining 30.73 per cent of Italian forged steel producer GSI Lucchini for 1 million euros.

JSW Steel Italy already holds the remaining share capital of GSI69.67%. GSI's manufacturing department is located in Piombino, Italy, and has easy access to the export market through the port of Piombino. The location of the factory gives it a specific advantage in terms of delivery time, service level and logistics cost in the target market.

Acquired by JSW
steel company
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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