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    CRU

    February 2, 2024

    CRU: Banks line up $16B loan to Nippon Steel for U.S. Steel deal

    Written by CRU Americas

    Three of Japan’s major banks have agreed to lend Nippon Steel a combined $16 billion for its $14.1-billion planned acquisition of United States Steel, provided the acquisition is completed, the Japanese steelmaker said.

    The banks are Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group, and Mizuho Financial Group, Reuters news agency reported.

    CRU Americas

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