Tata Steel to continue separation of European activities - works council
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
AMSTERDAM - Tata Steel's European works council on Friday said it expected the separation of Tata Steel's Dutch and British operations to continue, despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill.
"It is unclear how we will proceed, but we expect the separation to continue," works council chair Cinta Groos told Reuters.
Groos said she did not expect takeover talks with ThyssenKrupp to be revived, after the European Commission blocked a merger between Tata's European activities and the German company in 2019.
(Reporting by Bart Meijer; editing by Jason Neely)
