Nippon Steel hopes to invest $14 billion in U.S. Steel
According to reports citing sources, if the Trump administration approves the acquisition deal, Nippon Steel plans to invest $14 billion in U.S. Steel, including $4 billion for new factory construction.
The report said: "If the Trump administration approves the acquisition of U.S. Steel, Nippon Steel plans to invest $14 billion in U.S. Steel activities, including $4 billion for new factory construction."
On February 7, during a joint press conference, Trump revealed that U.S. Steel is "very important" for the United States, and Nippon Steel agrees to make a large-scale investment in U.S. Steel rather than acquiring ownership of it.
On January 3, former U.S. President Biden signed an executive order citing national security reasons to block Nippon Steel's acquisition of U.S. Steel. On January 6, the two companies officially filed a lawsuit requesting the court to revoke Biden's order to block the acquisition and review the case again. On January 11, Nippon Steel and U.S. Steel announced in a statement that the Committee on Foreign Investment in the United States has extended the deadline for Nippon Steel to abandon the acquisition plan of U.S. Steel to June 18.
Original article: https://www.toutiao.com/article/1832614834084103/
Disclaimer: The article only represents the author's personal views.