Tata Steel, Thyssenkrupp
Thyssenkrupp sticks to steel spin-off plans following court judgement
German industrial group Thyssenkrupp reaffirmed its intention to establish its steel division as an independent entity on Friday, following a court ruling. It issued the statement after the European Court of Justice (ECJ) published a ruling upholding a 2019 European Commission ban on a merger between Thyssenkrupp's steel division and the European steel business of the Indian company Tata Steel.
Tata Steel, Thyssenkrupp years-old JV plan hits another wall
Thyssenkrupp has lost its appeal against the European Union's antitrust veto of its joint venture with Tata Steel. The EU's decision was upheld by the Court of Justice of the European Union. Thyssenkrupp expressed concerns about the Commission's decision and remains focused on a new joint venture with Czech billionaire Daniel Kretinsky.
ThyssenKrupp loses legal fight against EU antitrust veto of Tata Steel JV
Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the judges said.
Thyssenkrupp loses fight against EU veto of Tata Steel JV
BRUSSELS (Reuters) -German conglomerate Thyssenkrupp on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint venture with Tata Steel, which was aimed at creating Europe's second-largest steelmaker.
Thyssenkrupp Loses Court Bid to Topple EU’s Tata Deal Veto
Thyssenkrupp AG lost a European Union court fight to overturn an antitrust veto of its plans for a European steel joint venture with Tata Steel Ltd.
BBC6y
Tata Steel and Thyssenkrupp merger welcomed by unions
Tata owns the UK's largest steelworks at Port Talbot Unions have welcomed a merger between Tata Steel and Thyssenkrupp which will create Europe's second-biggest steelmaker. The deal will mean ...
Zee Business5y
Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp
Under pressure from activist investors, Thyssenkrupp had tried to merge its steel unit with Tata Steel`s European operations, and split the rest of the German conglomerate in two, in an ...
World Finance7y
Tata Steel and ThyssenKrupp merger creates Europe’s second-largest steel producer
German steel firm ThyssenKrupp and India’s Tata Steel announced a non-cash merger on September 20 as part of a 50/50 joint venture. The two companies’ joint European operation, which will ...
BBC7y
Tata and ThyssenKrupp agree steel merger
India's Tata Steel and German rival, Thyssenkrupp, have taken the first step towards merging their European steel operations. The tie-up will lead to job losses, to be shared between the two ...
The Star1mon
Thyssenkrupp Steel boss departs amid dispute over unit cuts
Rival Tata Steel Ltd is cutting 2,800 jobs and closing furnaces in the United Kingdom, while Germany’s Kloeckner & Co SE plans to slash 10% of jobs in its European distribution. Thyssenkrupp ...
India.com7y
Tata Steel, thyssenkrupp sign MoU to form European steel major
Mumbai, Sep 20 (IANS) Tata Steel Ltd and German major thyssenkrupp AG have signed a memorandum of understanding (MoU) to create a 50:50 joint venture by combining the flat steel businesses of ...
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Thyssenkrupp loses court bid to topple European Union's Tata Steel deal veto
The EU’s Court of Justice on Friday rejected all the arguments made by Thyssenkrupp, upholding the EU’s 2019 merger ...