Tata Steel and ThyssenKrupp plan to transfer shares and assets of their respective businesses in Europe to a 50-50 joint venture holding company that will be one of the biggest steel joint ventures (JVs).
The proposed new company, to be named ThyssenKrupp Tata Steel, will be positioned as a pan-European high-quality flat steel producer. The transaction is subject to merger control clearance in several jurisdictions, including the EU.
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