Profit

Break-Up Plans Not Contingent On Tata Steel Deal: Thyssenkrupp

Thyssenkrupp is planning to break itself apart in addition to combining its European steel operations together with those of Tata Steel.

 Share
EMAIL
PRINT
COMMENTS
Break-Up Plans Not Contingent On Tata Steel Deal: Thyssenkrupp

Thyssenkrupp is confident it can complete the Tata steel joint venture deal in early 2019


Frankfurt: 

Thyssenkrupp will continue with its break-up plans even if the steel-to-submarines conglomerate fails to win regulatory approval for a separate joint venture with Tata Steel, Chief Executive Guido Kerkhoff said on Thursday.

"The feasibility of the breakup is absolutely no problem," Mr Kerhkoff told journalists in remarks embargoed for Thursday.

Thyssenkrupp is planning to break itself apart in addition to combining its European steel operations together with those of Tata Steel.

The steel-to-submarines group is confident it can complete the Tata steel joint venture deal in early 2019. The European Commission will rule on the Tata transaction by April 29.



Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top