The EU Commission prohibits a merger between steel suppliers (Tata Steel / ThyssenKrupp)

Mergers: Commission prohibits proposed merger between Tata Steel and ThyssenKrupp The European Commission has prohibited the creation of a joint venture by Tata Steel and ThyssenKrupp under the EU Merger Regulation. The merger would have reduced competition and increased prices for different types of steel. The parties did not offer adequate remedies to address these concerns. Commissioner Margrethe Vestager, in charge of competition policy, said: “Steel is a crucial input for many things we use in our everyday life, such as canned food and cars. Millions of people in Europe work in these sectors and companies depend on competitive steel prices to sell on a global level. Without remedies addressing our serious competition concerns, the merger between Tata Steel and ThyssenKrupp would

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

European Commission, The EU Commission prohibits a merger between steel suppliers (Tata Steel / ThyssenKrupp), 11 June 2019, e-Competitions Bulletin June 2019, Art. N° 90778

Visites 317

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues