# 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.

- Type: Acquisition
- Announced: 2018-08-22
- Where: Germany
- Value: $5.80B (5.00B EUR)
- 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

- [doi.org](https://doi.org/10.1007/s11837-018-3103-x), 2018-08-22: "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."

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