The Steel Public Company Limited (SET:THE-R) agreed to acquire an additional 21.78% stake in Liberty Steel Siam Co., Ltd. from Liberty Siam Holding PTE. LTD. on May 15, 2015. The consideration paid for the acquisition was THB 1. The number of shares acquired were 0.98 million.

Post acquisition, The Steel Public Company will hold 99.98% stake in Liberty Steel Siam. As at December 31, 2014, Liberty Steel Siam had a total assets of THB 46.83 million, negative shareholder's equity of THB 266.69 million, net profit of THB 32.64 million. The deal has been approved by the Board of Directors of The Steel Public Company.

The deal is expected to close in September 2015.