Thursday, September 21, 2017

Critical Merger With Sub-Continent/Europe

ThyssenKrupp, Tata to merge European steel operations

German heavy industry giant ThyssenKrupp and Indian group Tata agreed on Wednesday to merge their steel operations in Europe, taking second place in the continent's market behind ArcelorMittal. The two groups, which will finalise the deal in 2018, expect efficiency savings of between 400 and 600 million euros ($480-720 million) per year and are likely to…