Concerns Over Thyssenkrupp's Tata Steel Deal Are Spreading
- After worker opposition, doubts widen to investment community
- Company has talked to Tata on joint venture for over a year
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Thyssenkrupp AG, already struggling to win over unions and lawmakers to a plan to merge its European steel business, is now facing growing skepticism from the investment community.
Analysts are worried management is only focused on the proposed steel venture with Tata Steel Ltd. and hasn’t prepared an alternative, such as spinning off the operations or the company’s profitable elevator unit, in case talks fail, according to Kepler Cheuvreux’s Rochus Brauneiser.