BRUSSELS—The European Union’s antitrust enforcer on Tuesday blocked the planned merger of two steelmaking businesses, India’s Tata Steel Ltd. and Germany’s Thyssenkrupp AG, saying the resulting company would have reduced competition in the supply of special steel for the car and packaging industries.
Competition commissioner Margrethe Vestager said the two companies failed to propose sufficient remedies to address the EU’s concerns. “We prohibited the merger to avoid serious harm to European industrial customers and consumers,”...
Have you checked this out? High comedy from out of touch elitists address children in debt peonage soon be face wage slavery. It's great!
the United States says thank you for weakening the competition. cheers.
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