Nippon Steel executive to visit US to meet stakeholders of US Steel deal

, TOKYO :Japan’s Nippon Steel said on Saturday its vice chairman, Takahiro Mori, a key negotiator for its planned aquire of U.S. Steel, will shuttle to the United States next week to meet stakeholders as section of continued efforts to total the deal.

A spokesperson for Nippon Steel in Tokyo said Mori will consult with the United States to proceed dialogues with diversified stakeholders of the deal to abolish the next working out. She declined to present further shrimp print similar to who Mori will seemingly be meeting with and the plot in which long he’ll protect within the U.S.

U.S. Steel deferred to the Eastern counterpart for commentary.

In December, Nippon Steel provided practically $15 billion to take over U.S. Steel, drawing resistance from every Democratic President Joe Biden and Republican aged President Donald Trump, as well to the United Steelworkers (USW) union.

To get strengthen from the USW, Nippon Steel has pledged to transfer its U.S. headquarters to Pittsburgh, Pennsylvania, the place U.S. Steel relies mostly, offering commitments on job security and further investments if the deal goes via.

Bloomberg reported on Friday within the U.S. that Mori will shuttle to Pittsburgh next week to meet with local group and elected officers, citing folks briefed on the topic.

The Eastern steelmaker expects to conclude the deal within the second half of of 2024, in comparison with its prior closing date of the second to third quarter, after the U.S. Department of Justice sought extra shrimp print and materials in an antitrust evaluation. The European Price has already authorised the deal.

Despite mounting opposition, an overwhelming majority of U.S. Steel shareholders voted in desire of the deal in April.