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Thyssenkrupp says expects EU to block its Tata steel merger plan

"Thyssenkrupp and Tata Steel expect that the planned joint venture of their European steel activities will not go ahead due to the Commission's continuing concerns," the German company said

AFP | PTI 

ThyssenKrupp AG headquarters in Essen, Germany Photo: Reuters
ThyssenKrupp AG headquarters in Essen, Germany Photo: Reuters

German industrial conglomerate said Friday it expected the European Commission to "block" its plan to merge its European steel business with Indian steel giant Tata.

"and expect that the planned joint venture of their European steel activities will not go ahead due to the Commission's continuing concerns," the German company said in a statement.

First Published: Fri, May 10 2019. 15:39 IST
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