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Japan's Nippon Steel, Kobe Steel to cut stakes in each other
2014-12-03 16:42:34| Steel - Topix.net
Nippon Steel & Sumitomo Metal Corp and Kobe Steel Ltd said on Wednesday they will reduce stakes in each other to raise funds for expansion overseas and for improving competitiveness. The companies built up equity stakes in each other as part of alliances to share resources for production, a common arrangement even among competitors in Japan.
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Category:Materials
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