The following news item appeared in the international steel industry press.
Title: Tata Steel to get debt relief from Thyssenkrupp deal
Date: Sun, 01 Jul 2018 00:00:00 GMT
Report: According to definitive agreements signed by the two European steel companies on Saturday, Tata Steel Europe will transfer Euro2.5 billion of its debt to the JV while thyssenkrupp will transfer 4 billion, which includes Euro 400 million of debt and the remaining unfunded pension liabilities.
Keywords: tata, debt, steel, thyssenkrupp
Source: The Economic Times, Haryana, India.
Press release: see full report.
Related: For more information see history of Tata Steel. For further information about ThyssenKrupp, see our ThyssenKrupp news page.
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