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Tata Steel and thyssenkrupp sign agreements to merge European steel businesses · Endata

◂ Announcements

Jul 2, 2018ACQUISITIONGermany

Tata Steel and thyssenkrupp sign agreements to merge European steel businesses

Tata Steel and thyssenkrupp AG have signed definitive agreements to combine their European steel businesses in a 50/50 joint venture named thyssenkrupp Tata Steel B.V., creating a leading pan-European flat steel producer.

Status

Announced

Productsflat steel

CompaniesThyssenkrupp partner Tata Steel partner

Sectors#Steel and Metal Products

“The joint venture will create a strong pan European steel company that is structurally robust and competitive.”cantechonline.com

1 source
cantechonline.comTata Steel and thyssenkrupp announce European steel merger - CanTech InternationalSarah McRitchieJul 2, 2018

Summarized from public sources; check the original articles before acting on it.

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