The EU Commission prohibits a joint venture in the carbon and electrical steel activities sector (Thyssenkrupp /Tata)

On 11 June 2019, the European Commission (“Commission”) prohibited the creation of a joint venture between Thyssenkrupp and Tata Steel under the EU Merger Regulation. The deal would have combined Thyssenkrupp and Tata’s flat carbon and electrical steel activities in the EEA. According to the Commission, the combination of the EEA’s second largest (Thyssenkrupp) and third largest (Tata) producers of flat carbon steel would have harmed competition in two already highly concentrated markets.

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  • Van Bael & Bellis (Brussels)

Quotation

Porter Elliott, The EU Commission prohibits a joint venture in the carbon and electrical steel activities sector (Thyssenkrupp /Tata), 11 June 2019, e-Competitions Bulletin July 2019, Art. N° 91015

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