The proposition involves giving the US government a veto over reducing US Steel’s production capacity, reported The Washington Post.
Nippon Steel was said to offer a 10-year guarantee that it would not cut production capacity at US Steel’s mills in areas such as Pennsylvania, Indiana and Alabama without approval by a panel led by the Treasury Department.
This came after the panel, known as the Committee on Foreign Investment in the United States (CFIUS), failed to reach a consensus on whether Nippon Steel’s acquisition of US Steel threatens Washington’s national security.
The impasse by CFIUS shifts the decision on the $14.9 billion transaction to the White House.
Bu hikaye Khaleej Times dergisinin January 02, 2025 sayısından alınmıştır.
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Bu hikaye Khaleej Times dergisinin January 02, 2025 sayısından alınmıştır.
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