Hitachi Metals, Ltd. (TSE:5486) agreed to acquire remaining 50% stake in SH Copper Products Co.,Ltd. from Sumitomo Metal Mining Co., Ltd. (TSE:5713) on September 30, 2016. The transaction is expected to close early January 2017. Post transaction SH Copper Products Co.,Ltd. will become wholly owned subsidiary of Hitachi Metals, Ltd. The transaction will have minor impact on the consolidated results for the fiscal year ending March 2017, for both Sumitomo Metal Mining Co., Ltd., and Hitachi Metals, Ltd.

Hitachi Metals, Ltd. (TSE:5486) completed the acquisition of remaining 50% stake in SH Copper Products Co.,Ltd. from Sumitomo Metal Mining Co., Ltd. (TSE:5713) on January 5, 2017.