Thyssenkrupp and Tata Steel agree to merge European steel operations

Thyssenkrupp and Tata Steel agreed to merge their European steel operations, creating the continent's No. 2 steelmaker with revenues of €15 billion. The deal is preliminary and will result in up to 4,000 job cuts.

“Germany's Thyssenkrupp and India's Tata Steel agreed on Wednesday to merge their European steel operations, creating the continent's No.2 steelmaker with revenues of 15 billion euros.”reuters.com

• 2 sources
• reuters.comThyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmaker | ReutersChristoph Steitz, Promit MukherjeeSep 20, 2017
• reuters.comThyssenkrupp, Tata Steel agree to forge Europe's No. 2 steelmakerChristoph SteitzSep 20, 2017

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