# 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.

- Type: Acquisition
- Announced: 2017-09-20
- Where: Europe, 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) (acquirer)
- [Tata Steel](https://endata.com/companies/3546.md) (acquirer)

## Sources

- [reuters.com](https://www.reuters.com/article/business/thyssenkrupp-tata-steel-agree-to-forge-europes-no-2-steelmaker-idUSKCN1BV0EB/), 2017-09-20: "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](https://www.reuters.com/article/uk-thyssenkrupp-tata-steel-idUKKCN1BV0E6/), 2017-09-20: "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."

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