Tata Steel and Thyssenkrupp sign MoU for 50/50 joint venture

Tata Steel and Thyssenkrupp signed a memorandum of understanding to merge their European steel operations into a 50/50 joint venture. The deal is expected to close by the end of 2018 and may lead to up to 4,000 job losses.

“Tata Steel and German industrial group Thyssenkrupp have signed a memorandum of understanding in what marks the first step towards a merger of the two companies.”news.sky.com

• 1 source
• news.sky.comTata Steel takes first step towards German Thyssenkrupp merger | Money News | Sky NewsClare Downey, Business ReporterSep 20, 2017

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