# Thyssenkrupp and Tata Steel sign merger deal for European joint venture

Thyssenkrupp and Tata Steel have signed a definitive agreement to merge their European steel businesses into a 50:50 joint venture called Thyssenkrupp Tata Steel B.V., creating Europe's second-largest steelmaker. The deal was approved by Thyssenkrupp's supervisory board on June 29, 2018.

- Type: Acquisition
- Announced: 2018-06-29
- Where: Germany, UK, Netherlands, Germany
- Jobs: 48,000
- 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

- [latestly.com](https://www.latestly.com/india/germanys-thyssenkrupp-and-indias-tata-steel-sign-mega-merger-deal-243249.html), 2018-07-02: "The joint venture not only addresses the challenges of the European steel industry. It is the only solution to create significant additional value of around euros 5 billion for both Thyssenkrupp and Tata Steel due to joint synergies which cannot be realised in a stand-alone scenario."

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