Japan's largest global trading house Mitsui & Co. is reportedly planning to acquire a stake in Thailand's second-largest hot rolled steelmaker by capacity, G Steel Pcl. (G Steel). The details of the share sale, including the price and the percentage to be owned by Mitsui, are expected to be announced after the grant of approval by the BoDs of both companies.
Through the acquisition, Mitsui plans to use the Thai company as a production base for the region, while G Steel could secure overseas expansion opportunities.