German steel giant ThyssenKrupp on Wednesday said that it has applied for an eight-day extension to complete ongoing negotiations with the European Commission over its planned merger with Tata Steel.
The Commission had opened an "in-depth" investigation into the proposed merger in October last year and noted its concerns that the deal between the two steel majors may reduce competition in the supply of various high-end steels.
"We have agreed to apply for an extension by 8 working days as part of the constructive dialogue with the Commission," a ThyssenKrupp spokesperson told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.
EXPLAINED! Anil Singhvi on his campaign to protect investors and save their hard-earned money; reveals market strategy going forward
Good news amid coronavirus! India to emerge as fastest growing G20 economy - Here is how
