India, Feb. 18 -- The Government of India issued the following news release:
The Competition Commission of India (CCI) has approved the acquisition of certain interest in Blackwater Coal Mine by NS Blackwater Pty Limited and JFE Steel Australia (BW) Pty Ltd.
The Proposed Combination envisages the acquisition of 20% and 10% interest in Blackwater Coal Mine (BW Coal Mine) by NS Blackwater Pty Limited (NS Blackwater) and JFE Steel Australia (BW) Pty Ltd. (JFE Steel BW), respectively.
NS Blackwater is a newly incorporated special purpose vehicle formed for the purposes of the Proposed Combination. It is ultimately owned by Nippon Steel Corporation.
JFE Steel BW is a newly incorporated special purpose vehicle formed for the purposes of the P...