EU court blocks Thyssenkrupp, Tata Steel merger over potential ‘impediment to competition’

The EU General Court has upheld a decision by the European Commission to prohibit the merging of the flat steelmaking assets of Germany's Thyssenkrupp and Tata Steel's European operations, agreeing that it would inhibit effective competition.

On 25 September 2018, Tata Steel Ltd notified the European Commission that it intended to create a joint venture (JV) between Tata Steel Limited and Thyssenkrupp, where each party would...

Published

Elina Virchenko

June 23, 2022

14:00 GMT

Dubai