You are here: Home » Companies » News
Business Standard

Tata Steel says it supports logic of joint venture with ThyssenKrupp

Tata Steel and ThyssenKrupp had proposed to combine their steel operations Europe, which would form the region's second-biggest steelmaker.

Reuters  |  MUMBAI 

India to hit steel capacity target ahead of time; infra bottlenecks persist
Tata Steel and ThyssenKrupp had proposed to combine their steel operations Europe, which would form the region's second-biggest steelmaker.

 India's Tata Steel\said on Wednesday that it supports the logic behind a joint venture with ThyssenKrupp, days after the submitted proposals to the to get a nod to the proposed partnership.

"We continue to engage in a constructive dialogue with the and believe our proposals address their concerns, and still very much support the industrial logic of the joint venture," said a in an emailed statement to

and had proposed to combine their Europe, which would form the region's second-biggest steelmaker. However, the deal has not been approved because of concerns about its impact on competition.

 

 

First Published: Wed, April 03 2019. 14:18 IST
RECOMMENDED FOR YOU