The General Court upholds the Commission’s decision prohibiting the proposed merger between thyssenkrupp and Tata Steel

(Source: Court of Justice of the European Union)

Thyssenkrupp, a German industrial group, and Tata Steel, a company whose registered office is in India, are active, inter alia, in the manufacturing and supply of flat carbon steel products and of electrical steel. Their centres of production are located, respectively, in Germany, the United Kingdom and the Netherlands. Those companies also have finishing plants in other Member States.
On 25 September 2018, the two undertakings notified the Commission, in accordance with the Merger Regulation, of their plan to acquire joint control of a newly created joint venture. The Commission held that the proposed concentration raised serious doubts as to its compatibility with the internal market and decided to initiate an in-depth examination procedure.

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