Nippon and US Steel complete controversial merger
Source: BBC
AFP/GettyJapanese firm Nippon Steel has completed its long-sought takeover of US Steel, after agreeing to yield unusual control to the US government. Nippon's $14.9bn (£11bn) purchase of the smaller American company, will create one of the world's biggest steelmakers and turns Nippon into a major player in the US.The plan, first announced in 2023, had been seen as a lifeline for the storied but struggling…
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