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Thyssenkrupp may reach preliminary Tata Steel deal this month

Reuters  |  FRANKFURT/DUESSELDORF 

FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp may 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.A spokeswoman for Thyssenkrupp said the companies were close to a memorandum of understanding (MoU), paving the way for a detailed look at one another's books and detailed negotiations before creating the second-largest steelmaker in Europe.Thyssenkrupp CEO Heinrich Hiesinger is under pressure to deliver the planned combination, particularly ...

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First Published: Mon, September 11 2017. 22:22 IST
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