🔧Business Standard-ThyssenKrupp, Tata in 50:50 JV to form Europe’s second-largest steel firm

By IND, steel

🔧Business Standard-ThyssenKrupp, Tata in 50:50 JV to form Europe’s second-largest steel firm.
German steel maker ThyssenKrupp and Tata Steel have agreed to form an equal joint venture that would create Europe’s second-largest steel firm, after ArcelorMittal. Tata Steel has said it would shift € 2.5 billion of its debt to the new entity. ThyssenKrupp would also be shifting its liabilities worth € 3.6 billion that it had gathered from its pension schemes.

http://wap.business-standard.com/article/companies/thyssenkrupp-tata-in-50-50-jv-to-form-europe-s-second-largest-steel-firm-117092100049_1.html

thyssenkrupp and Tata Steel plan to create powerful new No. 2 in European steel market – thyssenkrupp AG

https://www.thyssenkrupp.com/en/newsroom/press-releases/press-release-133600.html

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