Deal Detail

Sumitomo Corporation/Oresteel Investments (Pty) Limited

Acted for Sumitomo Corporation in relation to the purchase from Old Mutual Life Assurance Company (South Africa) Ltd of 20% of the issued share capital of Oresteel Investments (Pty) Limited, taking Sumitomo's shareholding in Oresteel to 49%.  Oresteel is the controlling shareholder of Assore Limited (listed on the JSE), holding 52.28% of Assore. Deal value: approximately R2.22 billion (as disclosed in the announcement made in the Japanese press)

Lawyers Involved:

Assisted By:

Sarah Barnhoorn



In association with Bowman Gilfillan Africa GroupMember of Lex MundiMember of Employment Law Alliance