Tata Steel-Thyssenkrupp seal largest European steel deal in 12yrs
Germany's Thyssenkrupp and India's Tata Steel signed a final agreement on Saturday to establish a steel joint venture, marking the European steel industry's largest deal in 12 years. The resultant entity, which will be called Thyssenkrupp Tata Steel BV, will have around 48,000 workers and about $19.9 billion in sales. The deal will create Europe's second-largest steelmaker after ArcelorMittal.