Tag: Merger
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European Commission rejects Joint Venture between Tata Steel and Thyssenkrupp
Tata Steel Europe and Thyssenkrupp AG, a German multinational had signed an equal joint venture agreement in June last year to combine their steel business which had made it the region’s second-biggest steelmaker, first being ArcelorMittal. Why joint venture was not approved? As per the latest updates, European Commission, one of the approval agency have…