AdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETAuto App Get Realtime updatesSave your favourite articles Scan to download AppJapan's biggest steelmaker, Nippon Steel Corp. , has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S. Steel , the Japanese company said on Saturday. "We look forward to working alongside him to further emphasize the ways in which Nippon Steel 's acquisition of U.S. Steel bolsters the country's economic and national security," Nippon Steel said in a statement to Reuters.Japan's Kyodo news agency and Bloomberg, which first reported the appointment, said Pompeo had been hired as an adviser. Nippon Steel said in its statement that Pompeo had not been given a specific job title within the company.The world's No. The Japanese company has pledged to honour agreements between U.S. Steel and USW, while offering some other commitments as well.Both Republican nominee Trump and President Joe Biden have said they would block the deal.Nippon Steel's key negotiator on the deal, Vice Chairman Takahiro Mori, visited the United States this month, including U.S. Steel facilities, and met stakeholders and employees, the company said earlier this week.

Source: Economic Times July 21, 2024 22:38 UTC