Tata Steel, Thyssenkrupp sign MoU for European Steel JV
Tata Steel and Thyssenkrupp of Germany have signed a Memorandum of Understanding (MoU) in a deal that is poised to create one of Europe's largest steel compaies. The two partners, who have been in merger talks for more than a year, said on Wednesday they will form a 50:50 joint venture to create a powerful No. 2 in the European steel market.
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