SSAB Confirms In M&A Talks Over Tata Metal Europe Netherlands

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STOCKHOLM: Swedish steelmaker SSAB on Friday confirmed it’s in discussions with Tata Metal Group regarding apotential acquisition of Tata Metal Europe’s Dutch IJmuiden metal mill and associated downstream belongings.

“SSAB has participated in a number of completely different discussions regarding consolidations within the European metal business,” SSAB mentioned in an announcement. “The discussions with Tata are on-going however no choices have been made.”

SSAB has been reported to be in discussions with each Tata and Germany’s Thyssenkrupp not too long ago and Reuters reported final week that SSAB was within the IJmuiden plant within the Netherlands.

“There may be no certainty that any transaction will materialize, nor as to the phrases of any such potential transaction,” SSAB added in Friday’s assertion.

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