Come Nippon Steel ha ottenuto l’approvazione di Trump per l’acquisto di acciaio statunitense a 14…

Come Nippon Steel ha ottenuto l’approvazione di Trump per l’acquisto di acciaio statunitense a 14…

[Music] japan’s Nippon Steel on Wednesday said that it has finalized a 14.1 billion deal to acquire US Steel Cooperation as a wholly owned subsidiary after US President Donald Trump reversed his initial opposition and allowed the deal to proceed the move will give Japan’s largest steel maker and the world’s fourth largest greater access to the growing US market for high-grade steel with US steel issuing a golden share to the US government that grants veto power over key management decisions the company added that regulatory approvals have been received and the partnership is expected to be finalized promptly the deal is expected to close by June 18th according to a report by Nikki earlier Trump had firmly opposed Nippon Steel’s bid to acquire US Steel which was first announced in December 2023 both during his 2024 presidential campaign and after taking office to ease US national security concerns Nippon Steel said Americans will make up the majority of US Steel’s board and that it will not carry out layoffs or shut factories it also raised its planned investment in US Steel to 11 billion 10 times the original amount a move that likely helped secure Trump’s approval for the purchase trump signed a presidential order modifying former President Joe Biden’s decision to block the sale of US steel to Nepon the order said the national security risks associated with the Japanese company’s acquisition could be adequately mitigated if the conditions set by the US government are met the takeover had support from USD its shareholders and part of its workforce and local communities despite opposition from both Biden and Trump Nippon Steel continued to pursue full ownership of US Steel arguing that partial control could risk the leakage of its cuttingedge technologies founded in 1901 US Steel was once a symbol of American economic proudness but it has struggled to keep up with competition from Chinese and other foreign rivals facing a shrinking domestic market due to declining population Nippon Steel has increasingly focused on overseas expansion carrying out mergers and acquisitions in countries like India and Thailand the company’s goal is to boost annual steel output to 100 million tons [Music] [Applause]

Japan’s Nippon Steel on Wednesday said that it has finalized a $14.1 billion deal to acquire United States Steel Corp. The move will give Japan’s largest steelmaker, and the world’s fourth-largest, greater access to the growing U.S. market for high-grade steel, with U.S. Steel issuing a golden share to the U.S. government that grants veto power over key management decisions.

#donaldtrump #ussteel #nipponsteel #senatehearing #usa #japan

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