FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of January 2019
Commission File Number: 333-228135
NIPPON STEEL & SUMITOMO METAL CORPORATION
(Translation of registrants name into English)
6-1, Marunouchi 2-chome
Chiyoda-ku, Tokyo 100-8071
Japan
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Information furnished on this form:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
NIPPON STEEL & SUMITOMO METAL CORPORATION | ||||||
Date: January 18, 2019 | By: | /s/ Kazumasa Shinkai | ||||
Kazumasa Shinkai | ||||||
Executive Officer, Head of General Administration Division |
Nippon Steel & Sumitomo Metal Corporation
Sanyo Special Steel Co., Ltd.
Result of Review by the Japan Fair Trade Commission regarding Making Sanyo Special Steel Co., Ltd. a Subsidiary of
Nippon Steel & Sumitomo Metal Corporation
With respect to making Sanyo Special Steel Co., Ltd. (Sanyo) a subsidiary of Nippon Steel & Sumitomo Metal Corporation (NSSMC) (the Proposed Transaction) (*1) as previously announced in the press release Notice Regarding Execution of an Agreement to Make Sanyo Special Steel Co., Ltd. a Subsidiary of Nippon Steel & Sumitomo Metal Corporation and Other Matters dated August 2, 2018, NSSMC received, on January 18, 2019, from the Japan Fair Trade Commission (the JFTC) a notice stating that the JFTC will not issue a cease-and-desist order regarding the Proposed Transaction on condition that the remedies (*2) offered by NSSMC are taken.
*1 | As a result of a capital increase through a third-party allotment of shares to be conducted by Sanyo and subscribed by NSSMC on March 28, 2019, NSSMCs voting rights ownership in Sanyo will increase to 51.5%. |
*2 | Major items include the following measures: |
for the Japanese market of small diameter seamless pipes and tubes for bearings,
| a partial transfer of co-ownership interests in Sanyos rolling mill to Kobe Steel, Ltd. (Kobe); and |
| a partial transfer of NSSMCs business and Sanyos business to Kobe. |
For details of the result of the review, please refer to the JFTCs website (https://www.jftc.go.jp/).
Pursuant to the relevant foreign competition laws, NSSMC has obtained all approvals from the foreign competition authorities required prior to the consummation of the Proposed Transaction.
Sanyo will hold an extraordinary general shareholders meeting on February 28, 2019 to obtain its shareholders approval on the capital increase through a third-party allotment of shares to be subscribed by NSSMC.
(For Inquiries)
Nippon Steel & Sumitomo Metal Corporation, Public Relations Center:
Tel. +81-3-6867-2135, 2146, 2977, 3419
Sanyo Special Steel Co., Ltd., General Administration Department:
Tel. +81-79-235-6003