Thyssenkrupp files complaint over Brussels' veto against Tata JV

FILE PHOTO: A logo of Thyssenkrupp AG is pictured at the company's headquarters in Essen, Germany, November 21, 2018. REUTERS/Thilo Schmuelgen - Copyright Thilo Schmuelgen(Reuters)

By Reuters

Published on 22/08/2019 - 10:04•Updated 19/04/2024 - 16:15

Comments

FRANKFURT (Reuters) - Thyssenkrupp <TKAG.DE> on Thursday said it is filing a complaint with Europe's general court to dispute an antitrust decision to block a planned joint venture with Tata Steel <TISC.NS>.

The complaint, seen as a symbolic move, comes after the European Commission on June 11 vetoed the plans, which would have created Europe's second-biggest steelmaker, fearing it would overly hurt competition.