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Thyssenkrupp employees will not support Tata JV at any price

Reuters  |  DUESSELDORF, Germany 

By Tom KäckenhoffDUESSELDORF, Germany (Reuters) - Labour leaders, who hold half the seats on Thyssenkrupp's supervisory board, will not support a planned joint venture with Tata Steel if concessions in ongoing antitrust proceedings go too far, a union representative said.Thyssenkrupp and Tata Steel are planning to combine their European steel activities to create the continent's No. 2 steelmaker after ArcelorMittal, raising concerns that far-reaching remedies are required to secure antitrust approval.The European Commission is expected to outline its competitive concerns about the merger this ...

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First Published: Wed, February 13 2019. 17:11 IST