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Thyssenkrupp-Tata Venture Becomes Vestager’s Sixth Deal Veto

  • EU says steel deal risked reducing suppliers, higher prices
  • Companies didn’t offer enough concessions to allay EU fears
Margrethe Vestager
Margrethe VestagerPhotographer: Geert Vanden Wijngaert/Bloomberg
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Thyssenkrupp AG and Tata Steel Ltd.’s collapsed joint venture was formally blocked by the European Union, the sixth deal vetoed by antitrust chief Margrethe Vestager, whose tough stance may bolster her chances of landing a top EU job.