Acquisitions14 Nov 2025, 10:35 pm
Tata Steel Acquires 100% Stake in LAG Velsen B.V. for €140 Million
AI Summary
Tata Steel Ltd has announced the acquisition of 100% equity stake in LAG Velsen B.V. by its indirect wholly owned foreign subsidiary, Tata Steel IJmuiden B.V. The deal is valued at up to €140 million (~₹1,450 crore). This acquisition will help Tata Steel secure power supply for its operations in the Netherlands. The transaction is subject to approval from the Netherlands competition regulator and the Netherlands Investment Screening Agency. The acquisition is expected to be completed by January 1, 2026.
Key Highlights
- Tata Steel IJmuiden B.V., a subsidiary of Tata Steel Ltd, is acquiring 100% equity stake in LAG Velsen B.V.
- The deal is valued at up to €140 million (~₹1,450 crore).
- The acquisition will help Tata Steel secure power supply for its operations in the Netherlands.
- The transaction is subject to approval from the Netherlands competition regulator and the Netherlands Investment Screening Agency.
- The acquisition is expected to be completed by January 1, 2026.