Thyssenkrupp says Tata Steel merger deal may come in September
Thyssenkrupp AG could reach an agreement this month to merge its European steel business with that of Tata Steel Ltd, a spokesman for the group said, adding talks were constructive and had entered the final stretch.
Earlier, German monthly ‘Manager Magazin’ reported that Thyssenkrupp’s supervisory board could agree to a combination either on 23 or 24 September, citing people involved in the negotiations. It said there had been a breakthrough in the lengthy negotiations.
A spokesman for Thyssenkrupp’s works council confirmed that a supervisory board meeting initially scheduled for 12 September had been pushed back to 23 or 24 September.