By Olaf Ridder 
 

Thyssenkrupp AG (TKA.XE) plans to challenge the European Union's decision to block the company's failed steel business merger with India's Tata Steel.

Although the companies no longer plan to pursue the merger, Thyssenkrupp's Chief Executive Guido Kerkhoff said in a telephone conference on Thursday that the aim was to prevent the European Commission's arguments from becoming final.

The German company and Tata Steel called off the tie-up of their steel businesses in the spring after EU Competition Commissioner Margrethe Vestager demanded concessions from both sides which, in the view of the companies, would have destroyed the economic logic for the project.

Thyssenkrupp then took a complete strategic turn and cancelled a plan to split in two.

 

Write to Olaf Ridder at olaf.ridder@wsj.com

 

(END) Dow Jones Newswires

August 08, 2019 08:28 ET (12:28 GMT)

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