Tata Steel investors shrug off risks linked to European JV
It was reported last weekend that the European Union (EU) authorities will likely block the proposed joint venture (JV) between Tata Steel Europe and Thyssenkrupp AG, citing threat to user industries. But Tata Steel’s shares haven’t shown any major sign of stress.
The stock has lost 4.6% so far this week, which is slightly more than the 4% drop in the Nifty Metal index. This is not the first time investors brushed aside possible risks to the JV.