Reuters exclusively reported that the European Commission would approve 2 billion euros in state aid for Thyssenkrupp’s plan to build a green steel plant at its headquarters in Duesseldorf. Sources told Reuters two days in advance that a decision in favor of the grant could come as soon as July 20, the day the Commission happened to unveil its decision.
Thyssenkrupp to win EU nod for $2.3 bln German steel subsidies
18 July 2023, 5:51 pm 1 minute
Market Impact
Shares in Thyssenkrupp rose as much as 2% following the announcement of the grant.
Article Tags
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
