Japan’s three megabanks plan to lend $16-billion for U.S. Steel acquisition, Nippon Steel says

Japan’s three megabanks plan to lend $16-billion for U.S. Steel acquisition, Nippon Steel says

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Sumitomo Mitsui Financial Group, Mitsubishi UFJ Financial Group and Mizuho Financial Group plan to lend Nippon Steel a combined $16-billion for its planned acquisition of U.S. Steel, the Japanese steel maker said on Tuesday. “We have received a commitment letter for a combined $16-billion in loans…

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