US Steel, Nippon Partnership Proceeds With Security Deal, 'Golden Share'

Fuente: International Business Times

The partnership deal between US Steel and Nippon Steel features a 'golden share' for the US government, giving Washington a crucial veto over certain activities AFP The partnership between US Steel and Nippon Steel has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called "golden share" advantage obtained by President Donald Trump's administration. On Friday evening, Trump signed an executive order approving the partnership, bringing an end to the long-running saga over foreign ownership of a key national asset which began in December 2023, when US Steel and Nippon Steel announced plans for a $14. 9 billion merger.