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India's Tata Steel to continue talks with EU for Thyssenkrupp JV

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India's Tata Steel to continue talks with EU for Thyssenkrupp JV

India's Tata Steel to continue talks with EU for Thyssenkrupp JV
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(Reuters) - Tata Steel Ltd <TISC.NS> said on Wednesday it will continue its discussions with the European Commission after the body raised concerns over its planned steel joint venture with Thyssenkrupp <TKAG.DE>.

The European Commission has opened a deeper investigation into the proposed steel joint venture over concerns that it could raise prices and harm competition.

Thyssenkrupp and Tata Steel earlier this year unveiled plans to combine their steel activities in Germany, the Netherlands and Britain to become the continent's second-largest steelmaker after ArcelorMittal.

(Reporting by Chris Thomas in Bengaluru, Editing by Sherry Jacob-Phillips)

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