Tata Steel-ThyssenKrupp deal: Koushik Chatterjee outlines importance of JV

The joint venture will be run on the principle of one company, one cash flow and one balance sheet, says Tata Steel Executive Director and CFO Koushik Chatterjee

Tata Steel Executive Director and Chief Financial Officer Koushik Chatterjee outlines the importance of the deal to Ishita Ayan Dutt. Excerpts: 

What will be the impact of the JV with ThyssenKrupp on Tata Steel’s balance sheet?

Strategically, this is an important JV for Tata Steel and we are committed for the long term. Having said that, financially, once the JV is formed and post completion of accounts adjustments, we will deconsolidate the European business from Tata Steel balance sheet. One of the most important impact will be the structural deleveraging that will be achieved in Tata Steel when about Euro