May 15, 2018 / 1:32 PM / 2 months ago

Thyssenkrupp sees no risk of Tata Steel JV collapse: CFO

FRANKFURT (Reuters) - Germany’s Thyssenkrupp sees no risk that a planned deal to create a joint venture with Tata Steel can still collapse even though a crucial agreement between the Indian group and workers in the Netherlands has yet to be reached, its finance chief said.

A company logo is seen outside the Tata steelworks near Rotherham in Britain, March 30, 2016. REUTERS/Phil Noble/Files

“No worries,” Guido Kerkhoff told analysts during a call on Tuesday to discuss second-quarter results when asked whether such a risk still existed after the group has delayed the signing of the deal which is now expected by the end of June.

The planned European steel joint venture marks the core of Thyssenkrupp’s strategy adjustment away from steel.

Reporting by Christoph Steitz

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