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    5401   JP3381000003

NIPPON STEEL CORPORATION

(5401)
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Nippon Steel sells 7.9% stake in Acerinox for 218 million euros

06/18/2021 | 05:28am EST
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)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACERINOX S.A. -1.63% 9.862 Delayed Quote.10.97%
NIPPON STEEL CORPORATION 3.52% 1794 End-of-day quote.35.09%
UBS GROUP AG -0.77% 16.14 Delayed Quote.30.43%
All news about NIPPON STEEL CORPORATION
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11/04Nippon Steel Resumes Interim Dividend Payment on Return to Fiscal H1 Profit
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11/04Japanese shares track Wall Street higher as Fed affirms taper plan
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More news
Analyst Recommendations on NIPPON STEEL CORPORATION
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Financials
Sales 2022 6 588 B 58 181 M 58 181 M
Net income 2022 489 B 4 319 M 4 319 M
Net Debt 2022 2 378 B 20 999 M 20 999 M
P/E ratio 2022 3,48x
Yield 2022 8,08%
Capitalization 1 652 B 14 608 M 14 589 M
EV / Sales 2022 0,61x
EV / Sales 2023 0,61x
Nbr of Employees 106 226
Free-Float 91,1%
Chart NIPPON STEEL CORPORATION
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Nippon Steel Corporation Technical Analysis Chart | 5401 | JP3381000003 | MarketScreener
Technical analysis trends NIPPON STEEL CORPORATION
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 1 794,00 JPY
Average target price 2 730,00 JPY
Spread / Average Target 52,2%
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 CORPORATION35.09%14 114
NUCOR CORPORATION102.22%30 741
ARCELORMITTAL31.41%26 527
TATA STEEL LIMITED72.92%18 142
POSCO3.49%18 102
STEEL DYNAMICS, INC.61.65%11 828