# Thyssenkrupp and Tata Steel sign definitive agreement for 50/50 steel joint venture

Thyssenkrupp and Tata Steel signed a definitive agreement to create a 50/50 joint venture, thyssenkrupp Tata Steel BV, based in the Netherlands. The venture will have about 48,000 employees and sales of approximately €17 billion, becoming the second-largest steelmaker in Europe.

- Type: Acquisition
- Announced: 2018-06-30
- Where: Netherlands
- 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

- [lavanguardia.com](https://www.lavanguardia.com/economia/20180630/45505522185/thyssenkrupp-tata-steel-acuerdo-historico-industria-siderurgica.html), 2018-06-30: "La alemana Thyssenkrupp y la india Tata Steel firmaron el sábado un esperado y definitivo acuerdo para crear una empresa conjunta de acero."

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