China’s Hesteel stalls negotiations for US Steel Kosice takeover, local media say

China’s Hesteel has interrupted its negotiations for the purchase of US Steel’s subsidiary in Slovakia, US Steel Kosice, according to local media reports in the Eastern European country.

The Chinese company has halted progress on the investment due to the country’s challenging domestic economy, according to Slovak media outlets The Slovak Spectator, Topky and RTVS. A US Steel Kosice spokesman declined to make any comment on the...

Published

Maria Tanatar

July 13, 2017

17:10 GMT

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