ANNOUNCEMENT 28 Apr 2017

On August 28th, 2017, the Japanese Oil, Gas and Metals National Corporation (JOGMEC) acquired shares in Japanese-South African Chrome Co., Ltd and subsequently Samancor Chrome Holdings.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

JOGMEC (2017) 南アフリカ・Samancor Chrome Holdings社に出資-ステンレス・その他特殊鋼に不可欠なクロム資源の安定供給源を確保-Investment in Samancor Chrome Holdings, South Africa - Securing a stable supply of chromium resources which are indispensable for stainless steel and other special steel
Available at
http://www.jogmec.go.jp/news/release/news_06_000263.html

Inception date: 28 Aug 2017 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

On April 28th, 2017, Japan Oil, Gas and Metals National Corporation (JOGMEC) acquired 13.4 billion yen (120 million USD) worth of shares in Japan-South Africa Co., Ltd., a subsidiary of Japanese-owned Hanwa Co., Ltd (Hanwa). This 13.4 billion yen investment amounts to approximately 49.9% of Japan-South Africa Co's equity. Due to Japan-South Africa Co., owning 20% of South-African Samancor Chrome Limited, a Ferrochrome mining, and sales corporation, JOGMEC now indirectly owns 9% of its shares as well. The joint-investment in Japan-South Africa Co. will also boost Hanwa's shares in Samancor Chrome Limited from 10.02% to 19.02%. 

AFFECTED SECTORS

 

AFFECTED PRODUCTS