NETHERLANDS > Germany based Thyssenkrupp and India based Tata Steel sign an MOU to create Europe’s No. 2 steelmaker

tata steel logo Germany’s Thyssenkrupp and India’s Tata Steel have signed a MOU to create a 50-50 joint venture to create Europe’s No.2 steelmaker after ArcelorMittal. The expected synergies of the two Europe steel giant is supposed to be 400- 600 million euros ($480-720 million) worth. The consolidation of the two companies will be headquartered in Amsterdam, The Netherlands to address overcapacity in More …