# Tata Steel and thyssenkrupp sign definitive agreement for European steel joint venture

Tata Steel and thyssenkrupp AG signed a definitive agreement on July 2, 2018, to combine their European steel businesses into a 50/50 joint venture. Expected annual synergies are €400-500 million.

- Type: Acquisition
- Announced: 2018-07-02
- Where: Germany
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (partner)
- [Tata Steel](https://endata.com/companies/3546.md) (partner)

## Sources

- [news.europawire.eu](https://news.europawire.eu/tata-steel-and-thyssenkrupp-ag-to-combine-their-european-steel-businesses-in-a-50-50-joint-venture-98789465/eu-press-release/2018/07/02/13/58/11/64729/), 2018-07-02: "Tata Steel and thyssenkrupp AG today signed a definitive agreement to create a new company by combining their European steel businesses in a 50/50 joint venture."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.