Nippon Steel slams ‘inappropriate’ politics in US deal

Nippon Steel slams ‘inappropriate’ politics in US deal …C0NTINUE READING HERE >>>

The deal worth $14.9 billion including debts is being reviewed in Washington.
Photo: Richard A. Brooks / AFP
Source: AFP

Nippon Steel on Wednesday slammed the “inappropriate” role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

The deal worth $14.9 billion including debts is being reviewed by a body that audits foreign takeovers of US firms, helmed by Treasury Secretary Janet Yellen.

Bloomberg cited people close to the…

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