December 6, 2018 / 3:29 PM / 10 days ago

Thyssenkrupp to quickly send documents to EU in Tata JV review

FILE PHOTO: Germany's ThyssenKrupp CEO Heinrich Hiesinger and Chairman of Tata Steel Natarajan Chandrasekaran pose at a joint news conference after signing a final agreement on Saturday to establish a long-expected steel joint venture, in Brussels, Belgium July 2, 2018. REUTERS/Francois Lenoir

FRANKFURT (Reuters) - Thyssenkrupp (TKAG.DE) expects soon to submit documents that the European Commission has requested to resume an in-depth investigation of its planned joint venture with Tata Steel (TISC.NS), the company said on Thursday.

The Commission earlier stopped the clock on the probe, a mechanism that it said is triggered if parties fail to provide, in a timely fashion, an important piece of information requested from them.

“Once the missing information is supplied by the parties, the clock is re-started and the deadline for the Commission’s decision is then adjusted accordingly,” the Commission said.

It had originally set deadline of March 19, 2019, to end its investigation.

Reporting by Tom Kaeckenhoff, Foo Yun Chee and Christoph Steitz; Editing by Douglas Busvine

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