In this update, we look at the following development:
European Commission prohibits proposed steel joint venture between Tata Steel and thyssenkrupp
On 11 June 2019 following an in-depth Phase 2 investigation, the European Commission prohibited a proposed joint venture between Tata Steel and thyssenkrupp. This is the tenth merger to be blocked by the Commission in the last ten years, and the third this year.
Also in this newsletter
• CMA clears PayPal’s takeover of iZettle • CMA publishes update to research on past merger remedies • The interplay between arbitration awards and EU law - General Court rules in favour of investors in Micula case
