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International Business Times

Business

Kyoko HASEGAWA

Nippon Steel Slams 'Inappropriate' Politics In US Deal

Nippon Steel Nippon Joe Biden US Steel United States Donald Trump CFIUS

The deal worth $14.9 billion including debts is being reviewed in Washington (Credit: AFP)

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

The deal worth $14.9 billion including debts is being reviewed by a body that audits foreign takeovers of US firms, helmed by Treasury Secretary Janet Yellen.

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