You are here: Home » Reuters » News
Business Standard

Thyssenkrupp may reach preliminary Tata Steel deal this month


FRANKFURT/DUESSELDORF (Reuters) - Thyssenkrupp may reach an agreement in principle this month to merge its European steel business with that of Tata Steel, the group said on Monday, adding talks were constructive and had entered the final stretch.A spokeswoman for Thyssenkrupp said the companies were close to a memorandum of understanding (MoU), paving the way for a detailed look at one another's books and detailed negotiations before creating the second-largest steelmaker in Europe.Thyssenkrupp CEO Heinrich Hiesinger is under pressure to deliver the planned combination, particularly ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, September 11 2017. 22:22 IST