Salzgitter denies rumors of planned merger with ThyssenKrupp's steel operations
Salzgitter [ETR:SZG], the German steelmaker, said there is no truth to rumors of a merger with ThyssenKrupp's [ETR:TKA] steel operations, Boersen-Zeitung reported.
The German-language daily cited a Salzgitter spokesperson as saying that the merger speculation is false.
The daily added that ThyssenKrupp, the German technology company, declined to comment beyond saying that the company is already on the record as calling for sector consolidation.
According to the unconfirmed information, the two companies are in talks, initiated by the German government, on fusing their steelmaking operations.
Boersen-Zeitung