International news within the industry of mining and metal, Jul, 17 2019
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The EU is threatening to stop the merger of Tata Steel-Thyssen

Thyssen main office. Photo: Creative Commons, credit: dietmarwiedemann
Thyssen main office. Photo: Creative Commons, credit: dietmarwiedemann
Published by
Markku Björkman - 17 Feb 2019

The EU Commission threatens to veto the steel giants ThyssenKrupp and Tata Steel merging their steel operations in Europe. According to sources noted in the case that Reuters has been in contact with, the EU Commission will send a so-called statement of objections to the two companies, if they do not agree to certain concessions.

ThyssenKrupp also expects to receive such a message, according to Reuters, and it will form the basis for future negotiations.

- As soon as the statement of objections comes, we will examine in detail the arguments of the European Commission, says a spokesman for Thyssen Group to Reuters, who is confident that the deal will be in port early in 2019.