Nippon Steel confident U.S. Steel buyout to gain approvals by year-end

Executive says politically fraught deal can proceed with U.S. election now over

20241107 Nippon Steel presser

Nippon Steel Vice Chairman Takahiro Mori speaks during a news conference in Tokyo on Nov. 7. (Yutaka Miyaguchi)

SAYUMI TAKE, Nikkei staff writer

TOKYO -- Nippon Steel aims to complete its buyout of U.S. Steel by the end of next month, a top executive at the Japanese company said on Thursday, even as the issue still faces political uncertainty following the U.S. presidential election.

"The only other things we need to close the deal are approvals from CFIUS and the antitrust review," said Nippon Steel Vice Chairman Takahiro Mori, referring to the Committee on Foreign Investment in the United States, a government panel that screens foreign investment deals for security risks.

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