 "Thyssenkrupp")
Tata Steel’s plans to merge its European operations with German firm Thyssenkrupp’s steel business suffered a jolt with both companies announcing on Friday they were not going ahead with the proposed joint venture (JV) following objections from the antitrust authorities of the European Commission.
Tata Steel, which operates the Port Talbot plant in the UK and a large plant in the Netherlands, said the Commission discussed the proposed JV with both partners, and based on the feedback, it was clear the Commission was not intending to approve the plan as it expected substantial remedies in the form of sale of
