Tata-ThyssenKrupp merger “expected to be blocked”

(Title Image: Tata Steel Europe)

A proposed merger between Tata and ThyssenKrupp looks to be in some serious doubt as both companies expect the European Commission to block it over competition concerns. A formal decision isn’t expected to be made before 17th June.

Tata expects its steel operations in Wales, including Shotton, Llanwern, Trostre and Port Talbot, to remain operational despite the setback.

However, they remain concerned about UK energy prices, saying: “In the last 18 months it’s gone up quite significantly and that’s not helping us. But we have plans to keep UK (operations) running as long as they are performing well and is cash positive, and I think the team there is working hard to make it that way.”