02
Jul
15:49
Synergies to balance value gap in tk-Tata merger
Thyssenkrupp will receive 55% of revenue in the case of a future stock market flotation of its joint venture with Tata Steel Europe, despite each party nominally holding an equal 50% stake. This follows renegotiations that took place after tk Steel recorded strong profitability in the latest quarter.
The 55%-45% solution postpones indefinitely the issue of bridging the value gap between tk and Tata Steel Europe, a fact questioned by participants at the tk-Tata p…
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Anonymous
Very good overview of the weekly steel market.
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