BRUSSELS, April 11 (Reuters) - Nippon Steel's ( NISTF )
$14.9 billion acquisition of U.S. Steel Corp will be
decided by European Union antitrust regulators by May 17, with
their approval a formality, a European Commission filing showed.
The Japanese steelmaker sought EU clearance on April 9, with
the EC reviewing the deal under a simplified procedure,
according to the filing.
Such a process is used for cases in which the EU competition
enforcer has no competition concerns, or the companies'
individual or combined market share is low.
Nippon Steel ( NISTF ), which clinched a deal to buy the 122-year-old
American steelmaker for a hefty premium in December, however,
faces headwinds with U.S. antitrust regulators.
Nippon Steel ( NISTF ) has manufacturing bases in Sweden, Finland and
Britain and an office in Germany while U.S. Steel has a
Slovakian subsidiary.