EU clears Nippon buyout of US Steel opposed by Biden
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The European Union has approved the $14 billion takeover of US Steel by Japan's Nippon Steel. The European Commission stated that the acquisition would not raise competition concerns. The deal, announced by Nippon Steel in December 2023, has become controversial ahead of the US presidential election in November. US President Biden opposed the deal, stating that it was important for US Steel to remain domestically owned and operated. The company is based in Pittsburgh, Pennsylvania, a battleground state that Biden won in the 2020 election.
#Eu #NipponSteel #UsSteel #Biden #Acquisition #CompetitionConcerns #PresidentialElection
https://www.tuko.co.ke/business-economy/547256-eu-clears-nippon-buyout-steel-opposed-by-biden/
Tuko.co.ke /
npub15yg…zncw
2024-05-06 14:36:29
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npub15ygdhawp2prr6xlzleujfs0hy9g3yvzgzv6pj49afh5sf5q8tfcqdjzncwPublished at
2024-05-06 14:36:29Event JSON
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"content": "EU clears Nippon buyout of US Steel opposed by Biden\n==========\n\nThe European Union has approved the $14 billion takeover of US Steel by Japan's Nippon Steel. The European Commission stated that the acquisition would not raise competition concerns. The deal, announced by Nippon Steel in December 2023, has become controversial ahead of the US presidential election in November. US President Biden opposed the deal, stating that it was important for US Steel to remain domestically owned and operated. The company is based in Pittsburgh, Pennsylvania, a battleground state that Biden won in the 2020 election.\n\n#Eu #NipponSteel #UsSteel #Biden #Acquisition #CompetitionConcerns #PresidentialElection\n\nhttps://www.tuko.co.ke/business-economy/547256-eu-clears-nippon-buyout-steel-opposed-by-biden/",
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