# 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.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Germany
- Jobs: -4,000
- 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.sky.com](https://news.sky.com/story/tata-steel-takes-first-step-towards-german-thyssenkrupp-merger-11044376), 2017-09-20: "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."

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