M&A Deal Summary

Angang Steel Acquires Gindalbie Metals

On March 12, 2019, Angang Steel acquired metals/mining company Gindalbie Metals

Acquisition Highlights
  • This is Angang Steel’s 1st transaction in the Metals/Mining sector.
  • This is Angang Steel’s 1st transaction in Australia.

M&A Deal Summary
Date 2019-03-12
Target Gindalbie Metals
Sector Metals/Mining
Buyer(s) Angang Steel
Deal Type Add-on Acquisition

Target

Gindalbie Metals

Perth, Australia
Gindalbie Metals Ltd. is an independent iron ore company based in Perth, Western Australia which is developing a portfolio of projects in the State’s Mid West region. Gindalbie’s core asset is the world-class Karara Iron Ore Project which is developing in Joint Venture with AnSteel, one of China’s leading steel and iron ore companies.

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Buyer(S) 1

Buyer

Angang Steel

Anshan, China
Category Company
Founded 1997
Sector Metals/Mining
Employees26,964
Revenue 113.5B CNY (2023)
DESCRIPTION

Angang Steel is an entity that is focused on the production, processing, and sale of steel products in the People's Republic of China. The company's principal products include hot rolled sheets, cold rolled sheets, galvanized steel sheets, color coating plates, medium and thick plates, heavy sections, heavy rails, wire rods, seamless steel pipes, and cold rolled silicon steel products. Angang Steel was formed in 1997 and is based in Anshan, China.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Australia) 1 of 1
Year (2019) 1 of 1
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