Reuters logo
Tata Steel rules out IPO of Tata-Thyssen merged business for 2-3 years
October 16, 2017 / 3:01 PM / a month ago

Tata Steel rules out IPO of Tata-Thyssen merged business for 2-3 years

BRUSSELS, Oct 16 (Reuters) - Tata Steel ruled out on Monday a flotation in the next two to three years of the planned merger of its European steel operations with those of ThyssenKrupp.

T.V. Narendran, Tata’s managing director for India and South East Asia, told Reuters that the capacity of Tata’s Kalinganagar plant in India would like be expanded to 5 million tonnes.

Reporting by Maytaal Angel. Editing by Jane Merriman

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below