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Thyssenkrupp's home state in favour of Tata Steel tie-up

Thyssenkrupp's supervisory board will meet on Sept. 24 to discuss the planned joint venture

Reuters  |  Duesseldorf | Germany 

The government of North Rhine-Westphalia, home to engineering and steel group Thyssenkrupp, has come out in favour of the group's planned merger of its European steel operations with those of Tata Steel. "The potential merger with Tata is an opportunity to tie up with a strong partner in Europe," the state's Economy Minister Andreas Pinkwart, a member of the pro-business Free Democratic Party, said in a parliamentary session on Wednesday. Members of the state's previous government, a coalition of the Social Democrats and the Greens, had voiced criticism over ...

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First Published: Wed, September 13 2017. 22:14 IST