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Thyssenkrupp Expects Eu To Block Tata Steel Merger - Bbc News

by bbc.co.uk posted 2weeks ago 10 views
Concessions have not soothed European Commission concerns over the proposed deal, Thyssenkrupp says. : Thyssenkrupp has said it expects a proposed steel merger with Tata Steel to be blocked by the European Commission over competition concerns. However, the tie-up has been subject to an in-depth European Commission (EC) competition investigation. Thyssenkrupp said that it and Tata Steel had offered "significant further concessions" to try to assuage Commission concerns about the deal, but that had not resolved the situation. Thyssenkrupp is now considering a new approach, which could include a partial listing of its lifts division.

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