Japan's Prime Minister warns Biden for Nippon Steel deal blockade
Japan's Prime Minister warns Biden for Nippon Steel deal blockade
The Japanese Prime Minister Shigeru Ishiba has asked US President Joe Biden who concerns concerns in Japanese and US business circles regarding his Erzestes for blockade of the planned takeover of U.S. To remove steel through Nippon Steel.
online conversation between the heads of state
Ishiba expressed his concern with President Biden and the Filipino President Ferdinand Marcos Jr. during an online meeting on Monday. In the conversation, topics such as economic security and cooperation in maritime security in the South China Sea were treated, as a spokesman for the Japanese Ministry of Foreign Affairs reported.
Important mention of the Nippon Steel-U.s. Steel takeover
"Prime Minister Ishiba found that cooperation among allies and like -minded countries is essential to establish resistant supply chains. It is important to make efforts so that companies can invest with a good feeling to promote economic security," added the speaker.
He also confirmed that Ishiba specifically on the deal between Nippon Steel and U.S. Steel received.
Delay of the decision on the takeover
The bid administration has the decision to force Nippon Steel to offer its offer of $ 14.9 billion for U.S. To give up Steel, postponed until June, as the companies announced on Saturday. The president had previously blocked the takeover on January 3 for national security reasons. The parties originally had 30 days to undo their transaction.
legal steps against the blockade
The delay gives the dishes to check the complaints that are from Nippon and U.S. Steel were submitted to contest bidens vertical that blocks the deal. Nippon Steel and U.S. Steel have announced that they are driving their efforts to implement the business.