Competition regulators in the European Union have rescheduled their decision in the creation of a 50:50 European flat-steel joint venture between ThyssenKrupp and Tata Steel Europe to June 5 this year, the European Commission (EC) said on April 1.
"[On Monday], ThyssenKrupp and Tata Steel submitted a comprehensive package of proposed solutions to the European Commission to obtain clearance for the merger of ThyssenKrupp Steel Europe and Tata Steel Europe," Guido Kerkhoff, chief executive officer of ThyssenKrupp, said in his statement.Thyssenkrupp and Tata Steel have said to the EC that they would sell two hot-dip galvanizing plants in Spain and Belgium that supply the automotive industry and would also sell packaging steel units operated by Tata Steel in the UK and Belgium to get approval for the merger from the EU antitrust authorities, according to...