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Opinion: JFE's Indian investment is an astute move

Date: 27 Jul 2010

JFE Holdings announced today (July 27) it was buying a stake in India’s JSW Steel for US$1 billion. The move could prove to be a shrewd and astute investment by Japan’s second-largest steelmaker.

Keywords (click to search): [Opinion] [editorial] [JFE Holdings] [JSW Steel] [M&A] [India]

Aaron Pan

JFE Holdings’ US$1 billion investment into Indian ally JSW Steel in return for a 14.99% stake could prove to be an astute piece of business by the Japanese company.

The strategic purchase is one of India’s largest ever foreign direct investment deals in the metals and mining sector. It gives the Japanese steelmaker access to India’s automobile industry, which is the world’s second fastest-growing market behind only China....

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