30
Jan
10:59
Nippon secures $16 billion for US Steel acquisition
Nippon Steel will receive approximately $16 billion in loans from Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group to advance its acquisition of US Steel (USS), according to local media reports.
Sumitomo Mitsui would loan $6.5 billion to Nipon Steel, Mitsubishi UFJ would provide $5.5 billion, and Mizuho $4 billion. These loans will become effective during the acquisition, and are to be paid back in one year, Kallanish lear…
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Anonymous
Very good overview of the weekly steel market.
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