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Tata Steel, Thyssenkrupp set to get EU warning on steel JV: Report

The European Commission is expected to send a charge sheet known as a statement of objections to the companies.

steel, liberty house group, Adhunik Metaliks
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Liberty House had earlier offered to pay in tranches

Foo Yun Chee | Reuters Brussels
EU antitrust regulators will likely warn this week Germany's Thyssenkrupp and Tata Steel about their landmark joint venture unless they pre-empt the move by offering concessions, people familiar with the matter said on Monday.

The European Commission is expected to send a charge sheet known as a statement of objections to the companies, the people said. Such documents set out serious competition concerns which companies have to address with specific concessions or see their deal blocked.

The joint venture, announced in June last year, is the biggest shake-up in Europe's steel industry in more than a decade. To be named Thyssenkrupp Tata