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Nippon Steel to sell off $1.9bn in assets to buy India's Essar

Japanese steelmaker offloads entire stakes in Subaru, Bridgestone and Sumco

Stainless steel coils seen at a Nippon Steel plant in Japan. (Photo courtesy of Nippon Steel)

TOKYO -- Nippon Steel will offload as much as 200 billion yen ($1.85 billion) in assets through March 2021, going beyond its original sales plan to finance the acquisition of India's Essar Steel, Nikkei has learned.

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