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ThyssenKrupp positive over Tata Steel deal, sees room for EU agreement

Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker

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Thyssenkrupp  |  Tata Steel  |  Thyssenkrupp Tata Steel Jv

Reuters  |  Duesseldorf, Germany 

ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal. Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker. However, the landmark deal has not yet been approved because of concerns about its impact on competition. Earlier on Sunday, the Financial Times reported that EU antitrust regulators were concerned the deal would lead to less choice ...

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First Published: Sun, May 05 2019. 15:36 IST
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