Nippon Steel, Sojitz to take 49% stake in Champion Iron's Canada project

Reuters

2024/12/19

Dec 19 (Reuters) - Australia's Champion Iron CIA.AX said on Thursday Japanese firms Nippon Steel 5401.T and Sojitz 2768.T will take up a 49% stake for A$245 million ($152.39 million) in the firm's Kami project in Canada.

($1 = 1.6077 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru; Editing by Alan Barona)

((Nichiket.Sunil@thomsonreuters.com))

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