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Thyssenkrupp, Tata Discuss Changing Steel Deal Terms

  • Talks follow weeks of mounting pressure on Thyssenkrupp’s CEO
  • Changes to the deal terms may offset Tata’s falling profits
Photographer: Krisztian Bocsi
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Thyssenkrupp AG and Tata Steel Ltd. are discussing changing the terms of their steel joint venture in a way that could give Thyssenkrupp a bigger share of earnings, according to people familiar with the matter.

While nothing has been decided yet, one possibility being considered is to increase Thyssenkrupp’s equity stake in the joint venture and keep the voting rights at a 50-50 split, said the people, who asked not to be identified because the talks are private. Thyssenkrupp is pushing for changes to the deal after profits plunged at Tata’s European steel business, said the people.