Tata Steel and thyssenkrupp sign definitive agreement for European steel joint venture

Tata Steel and thyssenkrupp signed a definitive agreement to combine their European steel businesses in a 50/50 joint venture named thyssenkrupp Tata Steel B.V., expected to create additional value of around 5 billion euros.

“The proposed new company, to be named thyssenkrupp Tata Steel B.V., will be Europe’s second largest steelmaker and is expected to create additional value of around 5 billion euros for both thyssenkrupp and Tata Steel.”doi.org

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• doi.orgIn Case You Missed It: Business News from the FieldAug 22, 2018

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