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Mind the gap: Thyssenkrupp in value struggle with Tata Steel


By Christoph Steitz, Tom Käckenhoff and Arno SchuetzeFRANKFURT/DUESSELDORF (Reuters) - Germany's Thyssenkrupp and India's Tata Steel are struggling to get the planned merger of their European steel operations on track due to diverging values of their businesses, people familiar with the matter said.Since the two struck an initial deal in September, Thyssenkrupp's businesses have performed better than Tata Steel's, requiring both firms to reassess what their operations are worth and potentially rethink the deal, four sources said.The so-called valuation gap could be anywhere between 500 ...

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First Published: Wed, June 13 2018. 20:50 IST