Tata Steel, Thyssenkrupp and EU
Thyssenkrupp Loses Court Bid to Topple EU’s Tata Deal Veto
Thyssenkrupp AG lost a European Union court fight to overturn an antitrust veto of its plans for a European steel joint venture with Tata Steel Ltd.
Thyssenkrupp loses fight against EU veto of Tata Steel JV
BRUSSELS (Reuters) -German conglomerate Thyssenkrupp on Friday lost its fight against a European Union antitrust veto five years ago of its proposed joint venture with Tata Steel, which was aimed at creating Europe's second-largest steelmaker.
Tata Steel, Thyssenkrupp years-old JV plan hits another wall
Thyssenkrupp has lost its appeal against the European Union's antitrust veto of its joint venture with Tata Steel. The EU's decision was upheld by the Court of Justice of the European Union. Thyssenkrupp expressed concerns about the Commission's decision and remains focused on a new joint venture with Czech billionaire Daniel Kretinsky.
Thyssenkrupp sticks to steel spin-off plans following court judgement
German industrial group Thyssenkrupp reaffirmed its intention to establish its steel division as an independent entity on Friday, following a court ruling. It issued the statement after the European Court of Justice (ECJ) published a ruling upholding a 2019 European Commission ban on a merger between Thyssenkrupp's steel division and the European steel business of the Indian company Tata Steel.
Thyssenkrupp loses court bid to topple European Union's Tata Steel deal veto
The EU’s Court of Justice on Friday rejected all the arguments made by Thyssenkrupp, upholding the EU’s 2019 merger prohibition.
ThyssenKrupp loses legal fight against EU antitrust veto of Tata Steel JV
Europe's highest, sided with the European Commission and dismissed Thyssenkrupp's appeal entirely, the judges said.
MarketWatch1mon
Thyssenkrupp Steel Europe's CEO, Board Members to Step Down
Thyssenkrupp Steel Europe's chief executive officer plans to step down along with a raft of board members amid a dispute with parent company Thyssenkrupp regarding the future of the steel business ...
Yahoo Finance5d
Investors in thyssenkrupp (ETR:TKA) from five years ago are still down 71%, even after 6.9% gain this past week
Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Anyone who held thyssenkrupp AG (ETR:TKA) for five years would be nursing their metaphorical wounds since the share ...
Mint16d
Meta to European Union: Your tech rules threaten to squelch AI boom
BRUSSELS—A group of companies including Meta Platforms, Spotify and Italian luxury-fashion giant Prada warned Thursday that the European Union risks missing out on the full benefits of ...
Facebook parent Meta, Spotify, Ericsson and other tech giants to EU: “Europe now risks falling further behind in…”
Meta, Spotify, and Ericsson have alerted the European Union that its current technology regulations may impede the region's ability to fully benefit f ...
Business Insider26d
thyssenkrupp (0O1C) Gets a Hold from Kepler Capital
In a report released on September 6, Boris Bourdet from Kepler Capital maintained a Hold rating on thyssenkrupp (0O1C – Research Report), with a price target of €3.30. The company’s shares ...
Yahoo Finance25d
IG Metall union sees no quick fix in Thyssenkrupp steel funding dispute
DUESSELDORF (Reuters) - IG Metall, Germany's most powerful union, expects talks to drag on over how to properly fund Thyssenkrupp's steel division once it is separated, one of its regional heads ...