European Union Launches In-depth Probe Into Tata-ThyssenKrupp Steel Merger
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The European Union on Tuesday launched an "in-depth investigation" to assess if Tata Steel's proposed joint venture with German steel giant ThyssenKrupp would breach the bloc's merger regulations and reduce competition. Tata Steel and ThyssenKrupp are major integrated producers of flat carbon steel and electrical steel, with significant production facilities in the EEA, in particular in Germany, the Netherlands and the UK.