ThyssenKrupp
Latest News
Tata, thyssenkrupp Shake Hands on European Joint Venture
02 July 2018 - After more than two years of negotiations, India’s Tata Steel and Germany’s thyssenkrupp have agreed to combine their European steel business through a 50-50 joint venture.
Report: thyssenkrupp Takes Another Look at Tata Steel Europe Deal
13 June 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.
Tata Steel Europe Employees Not Sold on Potential thyssenkrupp Joint Venture
12 June 2018 - Tata Steel’s European works council has raised new doubts over the combination of the steelmaker’s European strip business with thyssenkrupp’s steel division, making it less likely that a deal will come to fruition by the end of the month, reports the Reuters news service.
thyssenkrupp-Tata Tie-Up on Track for June Signing
15 May 2018 - Germany’s thyssenkrupp expects to sign the agreement to merge its steel division with Tata Steel’s European strip business by the end of June, reports S&P Global Platts.
Labor Talks Delay thyssenkrupp, Tata Steel Tie-Up
12 April 2018 - Ongoing labor negotiations between Tata Steel and its workers in the United Kingdom and the Netherlands are delaying its planned joint venture with Germany’s thyssenkrupp, reports the Reuters news service.
Report: Tata Receptive to Holding Majority Share in thyssenkrupp Joint Venture
06 April 2018 - Tata Steel is open to taking a majority stake in its planned joint venture with thyssenkrupp, a sign that the Indian steelmaker is committed to growing internationally, reports the Reuters news service.
German Labor Union Raises New Concern Over Tata-thyssenkrupp Joint Venture
29 March 2018 - A new obstacle is emerging in the planned Tata Steel-thyssenkrupp AG joint venture, as German unions are voicing displeasure over a labor guarantee that Tata’s Dutch unit could continue to operate independently past the tie-up.
thyssenkrupp Workers OK Joint Venture Labor Deal
06 February 2018 - Rank-and-file members of German labor union IG Metall have overwhelmingly approved a labor agreement on the proposed joint venture between Tata Steel’s European strip business and thyssenkrupp’s steelmaking business.
thyssenkrupp, Union Reach Deal on Steel Joint Venture
26 December 2017 - Germany’s thyssenkrupp AG has come to terms on a labor agreement with its union workforce, a critical step toward finalizing the joint venture combination of its steelmaking business with Tata Steel Ltd.'s European operations.
Tata Executive: Spinoff of Merged European Business Will Be Later, Not Sooner
16 October 2017 - An anticipated spinoff of Tata Steel and thyssenkrupp’s European joint venture won’t happen for another two to three years, reports the Reuters news service.
Official: Despite Opposition, Deal Between thyssenkrupp Management, Labor Over Tata Merger Is Attainable
04 October 2017 - The premier of thyssenkrupp’s home state, North Rhine-Westphalia in Germany, said he believes a deal between the company and its union employees could be reached over the proposed combination of its steel unit with Tata Steel, according to the Reuters news service.
Report: In Tata-thyssenkrupp Combination, the Hammer Might Fall Hard on Port Talbot Works
02 October 2017 - As Tata Steel moves to combine its European strip operations with Germany’s thyssenkrupp, Tata’s integrated Port Talbot Works is likely to bear the brunt of cost reductions through the merger and in the event of an industry downturn, reports the Reuters news service.
Tata, thyssenkrupp Set Framework for Combining Steel Operations
20 September 2017 - Tata Steel and thyssenkrupp have signed a preliminary agreement to combine their European steel operations, creating a 50-50 joint venture that would be Europe’s second-largest steelmaker behind ArcelorMittal.
A Tata-thyseenkrupp Deal May – or May Not – Be Close
14 September 2017 - Now that Tata Steel has finalized the divorce between its European business and the legacy British Steel Pension Scheme, a deal to combine the operation with thyssenkrupp’s steel division may be close, according to the Reuters news service.
Regulators Approve Tata Steel Pension Plan Divorce
11 September 2017 - U.K. officials have approved Tata Steel Europe’s plant to separate itself from its GBP15 billion British Steel pension plan, the steelmaker has announced.
thyssenkrupp Shareholders Want a Tata Deal Done
08 September 2017 - thyssenkrupp shareholders would like to see the company combine its steel unit with Tata Steel’s European strip business by year’s end, reports the Reuters news service.
thyssenkrupp Finalizes Sale of Brazil Plant
07 September 2017 - thyssenkrupp has completed the sale of its CSA Siderúrgica do Atlântico mill in Brazil, bringing an official end to its North and South American steelmaking venture.
German Official Tells thyssenkrupp to Consider Alternatives to Tata Steel Combination
25 August 2017 - Sigmar Gabriel, Germany’s Minister for Foreign Affairs, thinks thyssenkrupp ought to abandon plans to merge its steel division with Tata Steel’s European steel operations.
thyssenkrupp Forms an Alternative to Tata Steel Europe Combination
02 August 2017 - thyssenkrupp is developing a Plan B to a proposed joint venture for its steel operations, reports the Bloomberg news service.
Report: thyssenkrupp CEO Wants Tata Deal By September
26 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger is looking to strike a deal on merging the company’s steelmaking operations with Tata Steel’s European strip business by September, according to the Reuters news service.
