You are here: Home » International » News » Companies
Business Standard

ThyssenKrupp, Tata Steel offer concessions to allay EU antitrust concerns

The EU competition regulator, which did not provide details of the concessions, extended its deadline for a decision on the deal to June 5 from May 13

Reuters  |  Brussels 

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

and have offered concessions to address EU antitrust concerns about their planned steel joint venture, the said on Tuesday.

The EU competition regulator, which did not provide details of the concessions, extended its deadline for a decision on the deal to June 5 from May 13.

It has previously voiced concerns about the deal's impact on steel for car parts, packaging such as food and aerosol cans and electrical steel for engineering products including transformers.

may sell parts of its European packaging activities Europe which makes packaging steel for food, paint and aerosol cans, as part of this package of concessions, three people familiar with the matter told Reuters last month.

 

First Published: Tue, April 02 2019. 13:46 IST
RECOMMENDED FOR YOU