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Tata Steel may take majority stake in tie-up with ThyssenKrupp: Sources

ThyssenKrupp, Tata must retain a joint stake of at least 50.1% in the venture for at least 6 years following the deal's closing in the event of an IPO

Maytaal Angel Euan Rocha & Christoph Steitz | Reuters 

Tata Steel would consider taking a majority stake in its planned European steel joint venture with Germany’s ThyssenKrupp after the business has publicly listed, according to two sources. Tata’s willingness to increase its holding is a sign of its commitment to expanding its steel empire globally. This had been questioned by investors and analysts in recent years after the company, under former group boss Cyrus Mistry, put its British steel assets up for sale following years of losses. Such a development in the planned joint venture would fit with ...

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First Published: Mon, April 09 2018. 23:40 IST
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