The European Union's powerful antitrust authority blocked the merger of German industrial conglomerate Thyssenkrupp with steel giant Tata in order to "avoid serious harm to European industrial customers and consumers” the European Commissioner for competition, Margrethe Vestager, said, while adding that the Commission was forced to block the merger as the two companies never withdrew their request despite both sides having abandoned the deal.

“Steel is crucial for many things we use in our ev...

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