european business

Tata’s UK Steel Exit Raises Expectations of European Mergers

By Georgina Prodhan FRANKFURT, March 31 – Tata Steel’s plan to sell its British steelmaking business has raised expectations of a long-awaited consolidation in the European steel sector, which is suffering from years of unaddressed overcapacity. Since the multi-billion-euro takeovers of Europe’s Arcelor and Corus by Indian giants Mittal andTata in 2006 and 2007, dealmaking

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