CCI clears Nippon Steel, JFE Steel's proposal to collectively acquire stakes in Australian coal mine
The Competition Commission of India (CCI) has approved the acquisition of a 30% stake in Queensland's Blackwater coal mine by Nippon Steel and JFE Steel. The deal involves a 20% share for NS Blackwater Pty Ltd and a 10% share for JFE Steel Australia Pty Ltd, enhancing their coking coal supply agreements.
The Competition Commission of India (CCI) has approved the acquisition of a 30% stake in Queensland's Blackwater coal mine by Nippon Steel and JFE Steel. The deal involves a 20% share for NS Blackwater Pty Ltd and a 10% share for JFE Steel Australia Pty Ltd, enhancing their coking coal supply agreements.
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