12
Apr
15:44
Thyssenkrupp-Tata JV to be completed by mid-year
Thyssenkrupp Steel Europe and Tata Steel Europe have almost completed due diligence as part of their proposed merger, thyssenkrupp informs.
Experts appointed by both sides have confirmed the strategic and operational potential of the joint venture and identified synergies of €400 million-600 million ($492m-739m). This includes the planned reduction of up to 4,000 jobs in administration and production, evenly shared by both partners over the coming years. Ag…
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Anonymous
Very good overview of the weekly steel market.
Anonymous