Merger of Tata and Thyssenkrupp's steelmaking units is blocked by EU competition regulators
BRUSSELS—The European Union’s antitrust enforcer on Tuesday blocked the planned merger of two steelmaking businesses, India’s Tata Steel Ltd. and Germany’s Thyssenkrupp AG, saying the resulting company would have reduced competition in the supply of special steel for the car and packaging industries.
Competition commissioner Margrethe Vestager said the two companies failed to propose sufficient remedies to address the EU’s concerns. “We prohibited the merger to avoid serious harm to European industrial customers and consumers,”...
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Aerospace giants Raytheon, United Technologies announce mergerAerospace giants Raytheon and United Technologies announce merger that would create defense a behemoth second only to Boeing
Consulte Mais informação »
Renault-FCA merger idea remains good opportunity: France's Le MaireThe idea of a merger between Renault SA and Fiat Chrysler (FCA) remains a good o...
Consulte Mais informação »
What to watch today: Stocks to rally, China's huge trade surplus, and an aerospace mega-mergerU.S. futures point to a higher Wall Street open, following the deal announced by President Trump late Friday to avoid the imposition of tariffs on Mexico.
Consulte Mais informação »
United Tech chief says Raytheon merger does not require Chinese approval: BloombergThe chief executive of United Technologies Corp said in a television interview t...
Consulte Mais informação »
European banking mergers needed: German bank body BdBThe head of Germany's BdB banking association said that cross-border merger...
Consulte Mais informação »
Roche names new head of $13 billion diagnostics unitSwiss drugmaker Roche on Tuesday named a new head of its $13-billion-per-year di...
Consulte Mais informação »