Home > M&A deals 2018 > Sumitomo Corporation Equity Asia Ltd. and Nippon Steel & Sumitomo Metal Corp. acquire a stake in Compañia Minera Teck Quebrada Blanca S.A.
Stake Purchase · Metal Products · December 2018

Sumitomo Corporation Equity Asia Ltd. and Nippon Steel & Sumitomo Metal Corp. acquire a stake in Compañia Minera Teck Quebrada Blanca S.A.

On December 4, 2018, Sumitomo Corporation Equity Asia Ltd. and Nippon Steel & Sumitomo Metal Corp. acquired a stake in Compañia Minera Teck Quebrada Blanca S.A., a metal products company in Chile, from Teck Resources Ltd.

Deal at a glance

AnnouncedDecember 4, 2018 TypeStake Purchase TargetCompañia Minera Teck Quebrada Blanca S.A. Buyers Sumitomo Corporation Equity Asia Ltd.
Nippon Steel & Sumitomo Metal Corp. Seller Teck Resources Ltd SectorMetal Products LocationChile ValueNot disclosed

Target company

Compañia Minera Teck Quebrada Blanca S.A.
Chile
Metal Productssector
-founded
Activestatus
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Buyers (2)

Sumitomo Corporation Equity Asia Ltd. Lead
Private equity firm · 43 deals on record
Nippon Steel & Sumitomo Metal Corp. Co-investor
Company · 6 deals on record
  • 1st transaction for the lead buyer in metal products
  • 1st transaction in Chile
43deals, all time
1in this sector
2019latest

Seller

Teck Resources Ltd
Company · 5 deals on record
5investments
4in this sector
4exits

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Questions about this deal

Who acquired Compañia Minera Teck Quebrada Blanca S.A.?Sumitomo Corporation Equity Asia Ltd. and Nippon Steel & Sumitomo Metal Corp. acquired a stake in Compañia Minera Teck Quebrada Blanca S.A. on December 4, 2018.

Who sold Compañia Minera Teck Quebrada Blanca S.A.?Teck Resources Ltd was the seller.

What type of deal was it?It was a stake purchase in the metal products sector in 2018.

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Source: company press release, December 4, 2018 · Data updated daily on AcquityData (Acquity Data).