You are here: Home » Reuters » News
Business Standard

Thyssenkrupp won't be rushed on European steel tie-up with Tata

Reuters  |  FRANKFURT 

By Christoph SteitzFRANKFURT (Reuters) - Thyssenkrupp will not be rushed into any deal with Tata Steel to merge their European steel businesses, its chief financial officer said, pouring cold water on investor hopes for a quick agreement.The German steel-to-elevators group is facing pressure from investors to deliver on the tie-up, after talks have been going on for over a year.They have been held up mainly by the question of who will assume responsibility for Tata Steel's legacy 15 billion pound ($19 billion) pension scheme in Britain.Britain's Sky News reported on Wednesday that Tata Steel ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, August 10 2017. 15:34 IST
RECOMMENDED FOR YOU