CI VIEW: Tunisia’s El Fouladh steel group M&A target for ThyssenKrupp, Tenaris Marcegaglia at WEF Davos

WASHINGTON/BIZERTE/WHITE SULPHUR SPRINGS, WV (CI MENA) –The Tunisian state-owned Societe Tunisiene de Siderugie ElFouladh steel group is a perfect takeover target for specialty steel groups such as Essen, Germany-based Thyssenkrupp AG (ETR: TKA) or Italian-Brazilian giant Tenaris (NYSE: TS); Tunisian Member of Parliament and the highest elected official of Bizerte Ali Belakhoua said.

[White House National Security Advisor Lt. General H.R. McMaster speaks to Capitol Intelligence using CI Glass on Overseas Private Investment Corporation at Center for Strategic and International Studies event on the NSC at 70 years in Washington, DC. October 10, 2017]

The sale of Societe Tunisiene de Siderugie ElFouladh to ThyssenKrupp could well be on the cards after Thyssenkrupp CEO Heinrich Hiesinger dined with President Donald J. Trump on January 25, 2018 along with White House National Security Council Adviser Lt. General H.R. McMaster at the World Economic Forum in Davos, Switzerland.

President Trump has made private sector investment in areas threatened by ISIS/Al Qaeda terrorism a “national security priority” and whose policy is being carried out by General McMaster through Commerce Secretary Wilbur Ross and Overseas Private Investment Corporation (OPIC) headed by Dallas native, Ray Washburne.

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CI VIEW: EXIM Bank catalyst for US job growth and reform with Mnuchin/Waters duo UPDATE

WASHINGTON/WHEELING, WV (BBN) (Update on May 18, 2017 to add comments by US Treasury Secretary Steven Mnuchin) –The end of the long stalemate in Congress over the Export-Import Bank of the United States (EXIM) has unintentionally served as a catalyst to convince the CEOs of Fortune 100 giants such as General Electric Corp. (NYSE:GE), The Dow Chemical Company (NYSE: DOW), Honeywell International, INC (NYSE:HON), The Boeing Company (NYSE:BA) of the strategic need to lend their considerable resources to US small-and-medium and minority-and-veteran owned businesses to expand and compete in foreign markets.

[US House Financial Services Committee Ranking Member Maxine Waters (D-CA) speaks to Capitol Intelligence/BBN using CI Glass on President Trump naming former NJ Congressman Scott Garrett as EXIM Bank at Tax March at US Capitol, April 15, 2017]

The issue of large corporates helping US small and medium-sized businesses came after EXIM Bank opponents succeeded in blocking the nomination of new EXIM board members and thus limiting the export credit agency to making export guarantees of USD 10m or less.

President Donald Trump unblocked the impasse by nominating former New Jersey Congressman Scott Garrett as EXIM President and Chairman and former US House Financial Services Chairman and old-school Republican leader Spencer Bachus from Alabama as an EXIM board member. 

Meanwhile a highly unusual but effective alliance has been quietly forged between US Treasury Secretary Steven Mnuchin and US House Financial Services Ranking Member Maxine Waters (D-CA) to guarantee that EXIM Bank primary focus will be to serve US small-to-medium size exporters, with special attention to minority-and-veteran led businesses. 

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