Fico: Negotiations with U.S. Steel are nearing an end

Talks with U.S. Steel over its future ownership of the Košice steelworks are drawing to an end, according to Prime Minister Robert Fico, the SITA newswire reported on March 6.

Talks with U.S. Steel over its future ownership of the Košice steelworks are drawing to an end, according to Prime Minister Robert Fico, the SITA newswire reported on March 6.

Though Fico refused to comment on the progress of the negotiations, he confirmed that there are several working groups looking for ways to keep the American firm in Košice.

“We want U.S. Steel to stay in Slovakia, failing that there would be several thousand jobs in danger in Košice,” Fico added, as quoted by SITA.

U.S. Steel, which currently owns and operates the Košice plant, the largest private employer in eastern Slovakia, announced late last year that it had received offers to buy the plant, but did not provide any further details. Reports in the media have named one of the interested buyers as Ukrainian company Metinvest, which belongs to the System Capital Management group owned by Ukrainian oligarch Rinat Akhmetov.

Source: SITA

Compiled by Radka Minarechová from press reports
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