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 …

GERMANY > Ternium to acquire CSA Siderurgica do Atlantico from Thyssenkrupp for $1.59Bn

Ternium_list Luxembourg based Ternium to acquire CSA Siderúrgica do Atlântico (CSA) from Thyssenkrupp for $1.59Bn. The transaction is set to complete in second half of 2017 after antitrust clearance in several jurisdictions, including Brazil, Germany and the U.S.   About Companhia Siderúrgica do Atlântico (CSA) The Companhia Siderúrgica do Atlântico (CSA), it is one of the largest steel companies of Brazil and Latin America. The plant went into operation More …