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ThyssenKrupp
Latest News
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.
Tata, thyssenkrupp Leaders to Meet on Potential Steel Merger
05 July 2017 - thyssenkrupp chief executive Heinrich Hiesinger plans to meet with Tata Sons chairman Natarajan Chandrasekaran this month to see if the two companies can put together a deal on merging their European steel operations, according to the German business newspaper Handelsblatt.
To Survive, thyssenkrupp Turns Toward Another Business
21 June 2017 - Germany’s biggest steelmaker has a strategy that it hopes will allow it to succeed in a world awash in low-cost steel: make something other than steel.
Thyssenkrupp joint venture would be 'high risk,' labor union says
11 April 2017 - Germany’s largest labor union is voicing disapproval of a potential joint venture between thyssenkrupp AG and Tata Steel, the Bloomberg news service reports.
With a Deal to Divest Its Brazilian Mill, thyssenkrupp Exits Steelmaking in the Americas
22 February 2017 - thyssenkrupp AG is ending its decade-long steelmaking venture in the Americas, agreeing to sell its integrated mill in Brazil to Latin American producer Ternium for US$1.33 billion (EUR1.26 billion).
Tata's Change in Leadership Throws European Steel Merger Into Question
25 October 2016 - Cyrus Mistry’s ouster as chairman of Tata Sons Ltd. might disrupt the conglomerate’s effort to merge its U.K. strip business with thyssenkrupp’s European steel operations, according to the Bloomberg news service.
German Steelmaker in Talks to Sell Brazilian Plant
25 October 2016 - thyssenkrupp might sell its Brazilian steel plant, Companhia Siderúrgica do Atlântico, to Latin American steelmaker Ternium, according to The Wall Street Journal.
thyssenkrupp Engages Labor on European Steel Restructuring
01 September 2016 - thyssenkrupp and labor representatives have agreed to establish a task force that is to discuss, among other things, whether the company needs to merge steelmaking operations with others, according to the Reuters.
Workers Protest Potential Merger of thyssenkrupp, Tata European Operations
31 August 2016 - Steel workers at Germany’s thyssenkrupp staged a rally on Wednesday to protest the potential merger of the company’s European steel division with Tata Steel’s European unit, reports the Reuters news service.
