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Thyssenkrupp aims for MoU with Tata Steel on steel merger

Reuters  |  FRANKFURT/DUESSELDORF 

FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp could reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch.Shareholders last week put pressure on Thyssenkrupp to clinch a deal after talks over a potential steel combination dragged on for a year and a half, mainly held up by negotiations over Tata Steel's British pension liabilities.That hurdle was removed after Tata Steel on Monday received regulatory clearance on a pension deal initially reached a ...

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First Published: Mon, September 11 2017. 19:08 IST
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