SUMITOMO METAL SETS UP LONDON, OSAKA FINANCE FIRMS
<Sumitomo Metal Industries Ltd> has set up
two finance firms, one in Osaka and one in London, a company
spokesman said.
    <Sumitomo Metal International Finance Plc> in London is
wholly-owned. <Fuso Finance Co Ltd> in Osaka, is owned 50 pct
by Sumitomo with the rest equally shared by two small Sumitomo
Metal subsidiaries.
    The two new companies will work for the Sumitomo Metal
group on fund raising and investment in financial markets.
 REUTER
