ThyssenKrupp and Tata Steel progress merger of European steel businesses

ThyssenKrupp and Tata Steel have made progress in merging their European steel operations, potentially forming a 50:50 joint venture expected to save 500 million euros. ThyssenKrupp may also merge its material services division with Klöckner.

“Tata and ThyssenKrupp may form a 50:50 joint venture, expected synergies and benefit from rising steel prices, the merger will likely save 500 million euros.”tytsteelpipes.com

• 2 sources
• tytsteelpipes.comThe Two Major Mergers Of EU Steel Industry And Acquisitions Surplus Production Is Expected To Eiminate - Industry News - News - Tianyingtai Steel PipeJun 18, 2017
• india.timesofnews.com» Thyssenkrupp CEO keen for Tata steel merger deal before end-September: sourcesJul 26, 2017

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