Tata Steel and thyssenkrupp AG signed a definitive agreement to create a new company by combining their European steel businesses in a 50/50 joint venture. This follows the signing of a Memorandum of Understanding in September 2017. The proposed new company, to be named thyssenkrupp Tata Steel B.V., will be positioned as a leading pan-European high-quality flat-steel producer. The joint venture will be managed as one integrated business through a holding company headquartered in the Amsterdam region of the Netherlands.