Tata Steel continues due diligence of thyssenkrupp AG to set up European JV

摘要

India’s Tata Steel continues to gather detailed information about the intended partner Germany’s thyssenkruppAG to enable an informed decision to be made about forming a 50:50 joint venture thyssenkruppTata Steel, according to the company’s announcement. “We are still in that information-gathering phaseand a great deal of that information must remain confidential for regulatory and competitive reasons,”noted in the source.