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Thyssenkrupp looking to close value gap in Tata Steel JV: sources


FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp and India's Tata Steel are struggling to narrow a widening valuation gap as they seek to adjust debt and asset contributions in a planned merger of their European steel operations, people familiar with the matter said.Thyssenkrupp's business has performed better than Tata Steel's since an initial deal was struck in September, requiring both parties to adjust what their operations are worth and leading to a valuation gap, four sources said.As talks reach their final stretch, options now include adjusting the amount of debt both groups will ...

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First Published: Wed, June 13 2018. 19:28 IST