ThyssenKrupp-Tata Steel European jv talks moving forward, Jefferies says

Germany’s ThyssenKrupp and Tata Steel Europe are “rumoured to be in the final stages of a planned merger of steelmaking operations”, according to investment bank Jefferies.

“While Tata's large UK pension remains a potential stumbling block, progress has been made, with the defined benefit scheme now closed and work under way to hive off the pension from operating assets,” Jefferies said on Wednesday April 12.

Both Tata Steel and ThyssenKrupp have emphasised that a separation of Tata Steel’s operating assets and its pension fund is crucial to any merger of...

Published

Viral Shah

April 12, 2017

18:14 GMT

London