Foreign investment panel split on Nippon’s bid for US Steel

  • 📰 ftenergy
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Lack of consensus at Cfius makes it more likely Joe Biden will block the deal

The US Treasury has told Nippon Steel that the panel vetting its proposed acquisition of US Steel has not reached consensus on how to mitigate security risks, raising the odds that President Joe Biden will block the $15bn deal.

Japanese officials point out that Washington wants Tokyo to work together to counter China but says Japan is a security risk. Several senior US officials told the FT that Biden’s opposition was political. Biden, Kamala Harris and Trump all used their opposition to try to win union votes in Pennsylvania, where US Steel is based, during the presidential election campaign.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign investment panel is split on Nippon’s bid for US SteelLack of consensus at Cfius makes it more likely Joe Biden will block the deal
Source: FT - 🏆 113. / 51 Read more »