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Tata Steel says weak Europe output to dent third-quarter earnings


(Reuters) - India's Steel Ltd, one of the flagship companies of the salt-to-software behemoth, said on Tuesday lower production in will impact its financial results, ahead of a planned merger with Germany's

Production from its European plants fell 12.7 percent to 2.33 million tonnes for the third quarter ended Dec. 31, the company said https://in a press release.

Shutdowns and operational issues at in the and in hurt the company's performance in the quarter, Steel said.

The company is currently awaiting approval from the (EC) to combine its steel unit in with Thyssenkrupp, a deal that was announced last year.

on Tuesday said it had submitted documents that the EC requested in December to resume its in-depth investigation of the transaction, which would create Europe's second-largest steelmaker after

(Reporting By in Bengaluru; Additional reporting by in Duesseldorf and Christoph Steitz in Frankfurt; Editing by Arun Koyyur)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 20:29 IST