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Tata Steel and thyssenkrupp AG have signed definitive agreements to combine their European steel businesses into a 50/50 joint venture named thyssenkrupp Tata Steel BV. The transaction is subject to merger control clearance.
“Tata Steel and thyssenkrupp AG today signed definitive agreements to combine their European steel businesses in a 50/50 joint venture in a new company.”tatasteel.com
Summarized from public sources; check the original articles before acting on it.