Shipping & Freight #nyk#ns united
NYK moves to absorb NS United in near $1bn deal, lifting stake to 83.33%
Japanese shipping major NYK is set to absorb dry bulk affiliate NS United Kaiun in a two-stage transaction worth about $992m, lifting its holding to 83.33% and paving the way for a Tokyo Stock Exchange delisting. The deal, backed by NS United's board, includes a tender offer priced at ¥10,600 per share with a 36.95% premium, plus a share buyback from Nippon Steel. Completion is targeted by mid-April 2027 after competition clearances in Japan, Australia, China and Brazil.
Aug 2, 2026 1 source