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    Market Segment

    August 12, 2017

    Thyssenkrupp, Tata Steel Merger Moves a Step Closer

    Written by Sandy Williams

    Thyssenkrupp CEO Heinrich Hiesinger told analysts this week that the Tata merger would be an important milestone for the company, but other options are available if it doesn’t occur. The German CEO hopes to concentrate on Thyssenkrupp’s diversified industrial portfolio by folding its steel business into a joint venture with India’s Tata Steel.

    Hiesinger said he didn’t want to be pressed for a timetable, stressing the quality of the deal was more important than the timing. “For us, it’s quality before time,” he said. “We won’t give you an exact time frame because it takes as long as it takes. We will do what is needed. You can be sure that we would like to get it rather sooner than later.”

    Sandy Williams

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