# Tata Steel open to taking majority stake in Thyssenkrupp joint venture

Tata Steel would consider taking a majority stake in its planned European steel joint venture with Thyssenkrupp after the business is publicly listed, according to sources. The joint venture would create Europe's second-largest steel group.

- Type: Acquisition
- Announced: 2018-04-06
- Where: India
- Value: $52.0B (35.1B INR)
- Status: rumored
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Thyssenkrupp](https://endata.com/companies/833.md) (target)
- [Tata Steel](https://endata.com/companies/3546.md) (acquirer)
- [Bamnipal Steel](https://endata.com/companies/31885.md) (acquirer)
- [Bhushan Steel](https://endata.com/companies/31886.md) (target)

## Sources

- [saudigazette.com.sa](https://saudigazette.com.sa/article/532134/BUSINESS/Tata-Steel-open-to-taking-majority-stake-in-Thyssenkrupp-tie-up-sources), 2018-04-06: "Tata Steel would 'down the road be open to taking over a larger piece of the pie' in the Thyssenkrupp tie-up once the merged entity is publicly listed."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/tata-steel-to-acquire-bhushan-steel-through-its-step-down-subsidiary-bamnipal-steel/articleshow/64180795.cms), 2018-05-15: "Bamnipal Steel would invest in, and acquire control of, the company on closing date."
- [business-standard.com](https://www.business-standard.com/article/news-cm/tata-steel-acquires-bhushan-steel-118051801011_1.html), 2018-05-18: "Tata Steel announced that Bamnipal Steel, a wholly-owned subsidiary of Tata Steel has successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel."

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