Deals
Baosteel Said in Talks to Buy Stake in Lion’s Amsteel Mills
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Baosteel Group Corp., China’s second-biggest steelmaker, is in talks to buy a stake in a steel unit of Malaysia’s Lion Group for about $1 billion, said two people with knowledge of the matter.
The size of the holding in Amsteel Mills Bhd. to be sold has yet to be determined, one of the people said, declining to be identified because the negotiations are private.