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Kone ThyssenKrupp Merger: Kone offers $19 billion for Thyssenkrupp's elevator business
Wed, Jan 29, 2020
Kone ThyssenKrupp Merger: Kone has offered about 17 billion euros ($18.9 billion) for Thyssenkrupp`s elevator unit, the highest bid so far, drawing scepticism from one of the German group`s labour bosses who said price alone would not cut it.
We are working on long-term sustainable European operations: Tata Steel CEO & MD TV Narendran
Tue, May 14, 2019
After the European Commission's move, Tata Steel-Thyssenkrupp JV is out and the Indian steel major is now working on a long-term sustainable European plan as an alternative.
JV failure won’t impact Tata Steel’s India plans: Koushik Chatterjee
Tue, May 14, 2019
Tata Steel and Thyssenkrupp said on Friday they have decided against going ahead with their planned joint venture in Europe since it is unlikely to get the European Commission’s regulatory approval.
Thyssenkrupp rips up failed split plan, to list elevators in fresh revamp
Fri, May 10, 2019
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 attempt to allow the value of its industrial businesses to shine.
ThyssenKrupp, Tata Steel offer concessions to allay EU concerns
Tue, Apr 02, 2019
Thyssenkrupp and Tata Steel have offered concessions to address EU antitrust concerns about their planned steel joint venture, the European Commission said on Tuesday.
Thyssenkrupp to keep on implementing steel JV with Tata: CEO
Thu, Sep 20, 2018
The implementation of the landmark deal, signed in late June, was stalling over the sudden departure of Thyssenkrupp`s CEO Heinrich Hiesinger, the main architect of the transaction: Media reports
After merger with Tata Steel, Thyssenkrupp CEO steps down
Fri, Jul 06, 2018
Heinrich Hiesinger said: "Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp."
Thyssenkrupp shareholder Cevian calls for further restructuring after steel JV
Sun, Jul 01, 2018
The joint venture with Tata Steel - to be named Thyssenkrupp Tata Steel - will have around 48,000 workers and about 17 billion euros in sales. Based in the Netherlands, it will be the continent`s second-largest steelmaker after ArcelorMittal. It forms the core of Hiesinger`s plan to turn the steel-to-submarines conglomerate into a technology company.
Thyssenkrupp seals landmark steel venture with Tata Steel
Sat, Jun 30, 2018
Thyssenkrupp`s supervisory board on Friday gave the green light for a steel joint venture with Tata Steel , paving the way for the European steel sector`s biggest shake-up in more than a decade
Tata Steel's Dutch deal could threaten Thyssenkrupp venture: Union
Thu, Mar 29, 2018
The deal has been criticised by German labour representatives who argue that the Dutch business will dodge responsibility in the new joint venture while the German sites would bear the brunt of the risks. Talks to get the joint venture plan underway have been challenging from the start, with workers at both groups -- with plants in Germany, Britain and the Netherlands -- fighting for deals to protect jobs and sites in the volatile steel sector.
One year of Tata chief Chandra: Group stocks rally up to 200%, add Rs 1.5 lakh cr to m-cap
Wed, Feb 21, 2018
N Chandrasekaran, fondly called Chandra, has completed a year as chairman of Tata Sons. Stabilisng the turbulance at Tata Group post a chaotic ouster of former chairman Cyrus Mistry, Chandra, the first non-Parsi chairman at Tata, took over the reins last year on February 21.
Thyssenkrupp pledges to review strategy with Tata Steel
Sat, Jan 20, 2018
It agreed to merge its European steel business with that of Tata Steel in September
Tata Steel, Thyssenkrupp merger to strengthen steel prices to improve volumes
Fri, Dec 22, 2017
Tata Steel, a part of the illustrious Tata Group, is a leading player in Indian market and its production capacity of 27.5MTPA is spread across 26 countries.
Thyssenkrupp ready to make workers offer for Tata Steel deal
Sun, Dec 10, 2017
Thyssenkrupp is prepared to offer workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, German weekly Bild am Sonntag reported, citing an internal memo.
ThyssenKrupp kicks off talks with union on steel merger
Sat, Nov 25, 2017
The de-escalation came after 8,000 steel workers protested on Wednesday, the day the Essen-based company announced improved annual results and a record order book, demanding guarantees to preserve jobs and production sites for 10 years.
ThyssenKrupp lifted by record orders as shifts from steel
Fri, Nov 24, 2017
Thyssenkrupp is in the middle of a major shift under Chief Executive Heinrich Hiesinger towards technology and away from the more volatile steel industry, its traditional mainstay.
Workers at Tata Steel's Dutch arm oppose Thyssenkrupp merger
Fri, Oct 20, 2017
The works council of Tata Steel Netherlands said on Friday it opposed preliminary plans by Tata Steel and Thyssenkrupp to combine their European steelmaking operations into a joint venture (JV) and would fight to block it if necessary.
Thyssenkrupp to raise capital ahead of Tata deal
Tue, Sep 26, 2017
The two firms agreed last week to combine their European steel operations in a move to create the continent`s second-largest steelmaker with revenues of about 15 billion euros ($18 billion).
Face of Tata group to change in next decade, Ratan Tata says
Thu, Sep 21, 2017
Hinting at consolidation and possible divestments of certain businesses which once defined the group, Tata said the conglomerate may look very different in the next decade, although the 150-year-old group will always strive to retain its culture.
Thyssenkrupp steelworkers protest against Tata merger plan
Thu, May 04, 2017
Thousands of Thyssenkrupp steelworkers protested on Wednesday against the German industrial group`s plan to merge its European steel operations with those of India`s Tata Steel.