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Report: thyssenkrupp Takes Another Look at Tata Steel Europe Deal
06/13/2018 - Tata Steel and thyssenkrupp are said to be revisiting the terms of their proposed European joint venture on account of a valuation gap that has opened up between the two businesses, reports Germany’s Handelsblatt business newspaper.
According to Handelsblatt, thyssenkrupp’s steel division might be worth a half-billion euros more than had been originally agreed upon.
Tata and thyssenkrupp are looking to combine Tata’s European strip operation and thyssenkrupp's steel division into a joint venture operation and previously have said they hope to close the deal by the end of this month.
Handelsblatt has the story here.
