2nd Jul 2018 07:00
June 30, 2018
London Stock Exchange London
|
Dear Sir, Madam,
Re: thyssenkrupp Tata Steel - European Steel Joint Venture
We wish to inform you that the Board of Tata Steel has approved the terms to create a 50:50 joint venture which will combine the European steel businesses of Tata Steel and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement. This follows the signing of a Memorandum of Understanding in September 2017. The formal execution of the definitive agreements is expected shortly.
The disclosure is being submitted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your information and record.
Related Shares:
Tata Steel