Core Viewpoint - The acquisition of US Steel by Nippon Steel is politically charged and has been approved by the US government, with a total investment of $14.1 billion to acquire 100% of US Steel's shares [1][2]. Group 1: Acquisition Details - Nippon Steel is set to complete the acquisition of US Steel on June 18, following the signing of a national security agreement with the US government on June 14 [1]. - The acquisition was initially stalled by a halt order from former President Biden, which was later modified by President Trump to facilitate the transaction [1][3]. - The acquisition agreement stipulates that the completion date will be three business days after receiving the necessary approvals [1]. Group 2: National Security Agreement and Golden Share - Nippon Steel will issue a "golden share" to the US government, which grants veto power over significant operational matters, although the golden share will not have voting rights [2]. - The golden share is issued free of charge, allowing the US government to maintain some influence over US Steel while Nippon Steel retains full ownership [2]. - The national security agreement aims to address security concerns and includes provisions for potential further orders from the US government if necessary [2]. Group 3: Investment Plans - Nippon Steel plans to invest approximately $11 billion in US Steel by the end of 2028, focusing on upgrading outdated production facilities and constructing new steel plants [2]. - The Japanese Minister of Economy, Trade and Industry expressed support for the US government's decision, highlighting the potential for innovation and strengthening US-Japan relations in the steel industry [2].
日本制铁历时一年半将实现收购美国钢铁