European Commision restarts to investigate Tata-Thyssenkrupp merger

by David Fleschen

The European Commission has restarted its investigation into the proposed merger of Tata and Thyssenkrupp’s steel operations following a suspension of the case in December, setting a new deadline of April 29, according to the business intelligence agency S&P Global Platts.

The commission had paused the case in December to wait for required documents and information which the companies failed to submit in September when they notified the European Commision about the merger.

The initial deadline was March 19, but had already been extended once following concerns regarding primarily flat carbon steel for automotive applications, metallic coated steel for packaging, and grain-oriented electrical steel.

The European Commsion said it was concerned that customers of the joint venture between Germany’s ThyssenKrupp and India’s Tata would face a reduced choice in suppliers and higher prices.

Source: S&P Global, photo: fotoalia

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