Tata merger plan won't go ahead due to EU's continuing concerns: Thyssenkrupp

Tata merger plan won't go ahead due to EU's continuing concerns: Thyssenkrupp
Image Credit: Geograph
  • Country:
  • Germany

German industrial conglomerate Thyssenkrupp said Friday it expected the European Commission to "block" its plan to merge its European steel business with Indian steel giant Tata. "Thyssenkrupp and Tata Steel expect that the planned joint venture of their European steel activities will not go ahead due to the Commission's continuing concerns," the German company said in a statement.

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