INSUBCONTINENT EXCLUSIVE:
Tata Steel's proposed JV with Thyssenkrupp could not go ahead (Photo: Shutterstock)2 min read Last Updated : Oct 04 2024 | 2:59 PM
IST
German conglomerate Thyssenkrupp on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint
European Union (CJEU), Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the judges
decision and would review the verdict's reasoning, adding it remained of the view that the Commission's decision had not taken into account
which has undertaken several attempts at selling or merging its steel business since the failed deal with Tata Steel, said it remained
focused on creating a 50:50 steel joint venture with Czech billionaire Daniel Kretinsky.
The European Commission did not immediately
rest of the content is auto-generated from a syndicated feed.)First Published: Oct 04 2024 | 2:59 PMIST
