FRANKFURT (Reuters) - Thyssenkrupp downplayed concerns over antitrust scrutiny with regard to its planned joint venture with Tata Steel, saying it could not be compared with a vetoed rail tie-up of Siemens and Alstom.
"You cannot put the same label on it at all," Guido Kerkhoff told journalists on Tuesday, adding that the European steel sector had witnessed several large transactions in the past that were approved by regulators after remedies had been offered.
The European Commission is expected to send a charge sheet known as a statement of objections to Thyssenkrupp this week, which usually sets out serious competition concerns which companies have to address, sources told Reuters on Monday.
EU anti-trust regulators last week rejected a planned rail businesses joint venture between Alstom and Siemens, saying that it would have hurt competition and led to higher prices for consumers, despite concessions offered by the companies.
(Reporting by Christoph Steitz, editing by Riham Alkousaa)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
