Tata Corus Acquisition

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  • Topic: Corus Group, Tata Group, Tata Steel
  • Pages : 4 (1178 words )
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  • Published : January 28, 2013
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INTRODUCTION
Tata Steel
Tata Steel Limited (NSE: TATASTEEL, BSE: 500470) (formerly Tata Iron and Steel Company Limited (TISCO)) is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra, India, and a subsidiary of the Tata Group. It is the 12th-largest steel producing company in the world, with an annual crude steel capacity of 23.8 million tonnes, and the largest private-sector steel company in India measured by domestic production. Tata Steel has manufacturing operations in 26 countries, including Australia, China, India, the Netherlands, Singapore, Thailand and the United Kingdom, and employs around 81,600 people. Its largest plant is located in Jamshedpur, Jharkhand. In 2007 Tata Steel acquired the UK-based steel maker Corus in what was the largest international acquisition by an Indian company to date. Tata Steel is listed on the Bombay Stock Exchange, where it is a constituent of the BSE SENSEX index, and the National Stock Exchange of India. It is ranked 401st in the 2012 Fortune Global 500 ranking of the world's biggest corporations. It is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010.

Tata Steel Europe Limited
Tata Steel Europe Limited (formerly Corus Group plc) is a multinational steel-making company headquartered in London, United Kingdom and a wholly owned subsidiary of Tata Steel.[2][3] It is the second-largest steel-maker in Europe.[2] Corus Group was formed through the merger of Koninklijke Hoogovens and British Steel on 6 October 1999 and was a constituent of the FTSE 100 Index until it was acquired by Tata in 2007. Corus changed its name to Tata Steel Europe and adopted the Tata corporate identity in September 2010. Tata Steel Europe operates two major integrated steel plants in the United Kingdom, at Port Talbot, South Wales and Scunthorpe, North Lincolnshire, and one in IJmuiden, the Netherlands.

Background - Corus
British Steel...
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