ThyssenKrupp applies for EU extension on Tata Steel merger talks
ThyssenKrupp applies for EU extension on Tata Steel merger talks
German steel giant ThyssenKrupp on Wednesday said that it has applied for an eight-day extension to complete ongoing negotiations with the European Commission over its planned merger with Tata Steel.
The Commission had opened an "in-depth" investigation into the proposed merger in October last year and noted its concerns that the deal between the two steel majors may reduce competition in the supply of various high-end steels.
"We have agreed to apply for an extension by 8 working days as part of the constructive dialogue with the Commission," a ThyssenKrupp spokesperson told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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