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JSW Steel-JFE JV to acquire Thyssenkrupp Electrical Steel India for ₹4,051 crore · Endata

◂ Announcements

Oct 19, 2024ACQUISITIONNashik, Maharashtra, India

JSW Steel-JFE JV to acquire Thyssenkrupp Electrical Steel India for ₹4,051 crore

Jsquare Electrical Steel Nashik, a 50:50 joint venture between JSW Steel and JFE Steel, will fully acquire Thyssenkrupp Electrical Steel India for ₹4,051.40 crore. The deal includes licensing or transfer of technology from Thyssenkrupp. TKES India manufactures grain-oriented electrical steel at its Nashik facility.

Value

$487.0M (40.5B INR)

Status

Announced

Productsgrain-oriented electrical steel

CompaniesThyssenkrupp partner JFE Steel Corporation acquirer JSW Steel acquirer Thyssenkrupp Electrical Steel India target

Sectors#Steel and Metal Products

“A JSW Steel joint venture with Japan’s JFE Steel Corp will fully acquire Thyssenkrupp Electrical Steel (TKES) India for Rs 4,051.40 crore.”manufacturing.economictimes.indiatimes.com

1 source
manufacturing.economictimes.indiatimes.comJSW Steel-JFE JV to acquire Thyssenkrupp Co for Rs 4k cr, ETManufacturingOct 19, 2024

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

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