Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Nippon Steel Corporation
  6. News
  7. Summary
    5401   JP3381000003

NIPPON STEEL CORPORATION

(5401)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Nippon Steel sells 7.9% stake in Acerinox for 218 million euros

06/18/2021 | 05:28am EDT
FILE PHOTO: The logos of Nippon Steel Corp. are didplayed at the company headquarters in Tokyo

MADRID (Reuters) - Nippon Steel said on Friday it had sold a 7.9% stake in Spanish steel maker Acerinox for 218 million euros through a private placement.

The stake was sold at 10.2 euros per share, which represented a discount of 5.7% from Acerinox's Thursday closing price.

Acerinox were down 5.8% on Friday morning.

After the placement, Nippon Steel still held a 7.9% stake in the company.

The company said 10 months ago that its stake in Acerinox was "financial", that is, susceptible to being sold, according to local newspaper Cinco Dias.

(Reporting by Cristina Galán and Tomas Cobos; editing by Inti Landauro and Jason Neely)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACERINOX S.A. 1.13% 11.67 Delayed Quote.27.57%
NIPPON STEEL CORPORATION -0.76% 2289.5 End-of-day quote.72.40%
UBS GROUP AG 0.19% 15.49 Delayed Quote.23.98%
All news about NIPPON STEEL CORPORATION
03:18aNIPPON STEEL : Japan's steel industry wants new govt to maximise use of nuclear ..
RE
02:44aJapanese shares post 4th weekly gain on catch-up trade, chipmakers boost
RE
09/16Japanese shares edge up as FOMO keeps rally alive
RE
09/16Nippon Steel to Issue $2.73 Billion Zero-Coupon Convertible Bonds; Shares Fal..
MT
09/16NIPPON STEEL : Announcement Regarding Determination of Terms of Issue of Zero Co..
PU
09/16NIPPON STEEL : Announcement Regarding the Issuance of Zero Coupon Convertible Bo..
PU
09/08NIPPON STEEL : S. Korea court again dismisses wartime labor suit against Japan f..
AQ
09/05Nippon Steel Cuts Earnings Forecast for H1
MT
09/03NIPPON STEEL : REFILE-Japanese shares hit 30-year highs as Suga offers to step d..
RE
09/02Japanese shares rise on stimulus hopes; Topix nears March peak
RE
More news
Analyst Recommendations on NIPPON STEEL CORPORATION
More recommendations
Financials
Sales 2022 6 535 B 59 467 M 59 467 M
Net income 2022 394 B 3 586 M 3 586 M
Net Debt 2022 2 324 B 21 146 M 21 146 M
P/E ratio 2022 5,37x
Yield 2022 5,52%
Capitalization 2 108 B 19 221 M 19 184 M
EV / Sales 2022 0,68x
EV / Sales 2023 0,69x
Nbr of Employees 106 226
Free-Float 91,1%
Chart NIPPON STEEL CORPORATION
Duration : Period :
Nippon Steel Corporation Technical Analysis Chart | 5401 | JP3381000003 | MarketScreener
Technical analysis trends NIPPON STEEL CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 2 289,50 JPY
Average target price 2 863,75 JPY
Spread / Average Target 25,1%
EPS Revisions
Managers and Directors
Eiji Hashimoto President & Representative Director
Kosei Shindo Chairman
Shuhei Onoyama Representative Director & Vice President
Mutsutake Otsuka Independent Outside Director
Ichiro Fujisaki Independent Outside Director
Sector and Competitors
1st jan.Capi. (M$)
NIPPON STEEL CORPORATION72.40%19 221
ARCELORMITTAL50.37%33 801
NUCOR CORPORATION106.47%32 254
TATA STEEL LIMITED123.22%23 493
POSCO34.01%23 444
STEEL DYNAMICS, INC.76.40%13 004