Thyssenkrupp, Tata Name European Steel JV Board Members
December 17 2018 - 7:21AM
Dow Jones News
By Nathan Allen
Thyssenkrupp AG (TKA.XE) and Tata Steel Ltd. (500470.BY) on
Monday named the board members for their planned European steel
joint venture.
Andreas Goss, who is currently chief executive of Thyssenkrupp's
steel division, will become CEO of the new company, while Tata
Steel Europe CEO Hans Fischer will serve as deputy CEO and chief
technology officer, the companies said.
Tata Steel's Group Executive Vice President for Finance Sandip
Biswas will become chief financial officer and Thyssenkrupp Steel
Europe CFO Premal Desai will become Chief Strategy Officer, the
companies said.
By merging their respective European steel businesses,
Thyssenkrupp and Tata plan to create Europe's second-largest
producer of flat steel products and gain the scale to take on
market leader ArcelorMittal (MT.AE).
The tie-up is currently subject to an in-depth investigation by
the European Union's antitrust regulator, which harbors concerns
that the deal would reduce competition in the sector.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 17, 2018 07:06 ET (12:06 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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