Anyang Iron & Steel, the largest steel mill in Henan province, announced on Sunday that it had bought a stake in three local private iron and steel companies.

In the restructuring deal, Anyang Iron & Steel will acquire a 10 percent stake in each company. In exchange, Anyang will provide management expertise, technology, informational exchange and purchasing and marketing channels to each of its new partners.

By the end of last year, the total steel production capacity of the three private companies has reached more than 5 million tons, and profits totaled more than 166 million yuan ($25.6 million).

According to company officials, the restructuring is necessary to facilitate Anyang’s long-term growth and help local steel companies avoid hostile takeovers by other firms.

"The company is considering further restructuring plans," Wang Ziliang, chairman of Anyang Iron & Steel, told China Business News.

河南省最大鋼鐵企業安陽鋼鐵集團有限公司上周日宣布，該集團聯合重組了3家當地的民營鋼鐵企業

安鋼以商譽、管理等資源出資到3家民營鋼鐵企業，建立股權投資關系，安鋼將分別持有每個新公司10%的股份。

到去年年底，安鋼此次重組的3家公司的鋼產能合計達到500多萬噸、利潤達1.66億元。

安鋼對省內企業的大規模聯合重組，一方面是自身做大的需要，另一方面就是擺脫被收購兼并的命運。

安鋼董事長王子亮昨天接受《第一財經日報》采訪時表示，"接下來，還會考慮進一步重組。"