Nippon Steel & Sumitomo Metal to raise its share in Unipres to 16.46 percent  [ Japan ]

Unipres Corporation and Nippon Steel & Sumitomo Metal Corporation (NSSMC) announced an expansion of their capital and business alliance, under which NSSMC will acquire an additional 2.65 million shares in Unipres. Unipres plans to dispose of the shares through a third party allotment effective May 29, 2015. The purchase price will be approximately JPY 6.56 billion (USD 54.9 million). As a r...