Thyssenkrupp Says Deal With Tata Possible By End-September
September 11 2017 - 10:38AM
Dow Jones News
By Ulrike Dauer
FRANKFURT--German industrial conglomerate Thyssenkrupp AG
(TKA.XE) said Monday talks about a possible tie-up of its steel
operations with Indian competitor Tata Steel Ltd. (500470.BY) are
progressing and an agreement is possible by the end of
September.
"Talks are constructive and negotiations are approaching a
conclusion," a Thyssenkrupp spokesman said.
Thyssenkrupp has been exploring strategic options for its steel
business, including merging it with Tata's European steel business,
as the German company shifts focus to its less volatile industrial
goods and services business.
Thyssenkrupp said it is postponing a supervisory board meeting
scheduled for Tuesday so that management can inform supervisors
"adequately about the state of the talks."
Write to Ulrike Dauer at ulrike.dauer@wsj.com
(END) Dow Jones Newswires
September 11, 2017 10:23 ET (14:23 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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