Rivoli, Torino, 30 October 2026. CLN SpA ("CLN") announces it has entered into a definitive agreement with Nippon Steel Trading Corporation (“NST”), pursuant to which NST will acquire 100% of CLN’s shareholding in CLN Slovakia s.r.o. (“CLN SK”). CLN SK is an independent wholly owned subsidiary of CLN.
Overview of Divested Assets
Formed in 2007, CLN SK is an automotive focused steel service center in Košice, Slovakia with approximately 220 kilo tonnes of steel processing capacity. CLN SK’s facilities are located within the premises of Nippon Steel Slovakia s.r.o., a major Slovakian steel producer owned by Nippon Steel Corporation.
CLN SK specialises in the processing of steel coils, primarily narrow strips and sheets, for the automotive sector. CLN SK is an accredited steel supplier within the automotive sector and has longstanding relationships with major regional OEMs and their Tier 1 suppliers.
Transaction Rationale
Nippon Steel Slovakia s.r.o. represents the core European base of Nippon Steel Corporation and is both a key supplier and customer of CLN SK. The acquisition of CLN SK by NST enhances Nippon Steel’s capabilities in the region via the addition of specialised automotive processing and delivery functions, and a strong commercial team. Under the ownership of NST, CLN SK will be best positioned to benefit from future growth opportunities and potential synergies within Nippon Steel group.
Closing
Closing of the transaction is subject to receipt of regulatory approvals and satisfaction of other customary closing conditions.
About CLN Group
CLN has been operating in the steel industry since 1948. CLN Group is a leading international player on the global market of metal forming and assembly of components for the automotive industry with its MA and MW divisions, and on the European market of steel cold rolling and distribution. The Company is present in 11 countries with 22 industrial facilities and employs approx. 4,800 people.