New Deal

Announced

15 May 2018

Completed

18 May 2018

Tata Steel completed the acquisition of Bhushan Steel for $9.3bn.

Financials

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Transaction Value£7,195m

Consideration TypeCash

Capital Owned-

Capital Bid For73%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Bhushan Steel

bidder

Tata Group

Sources

Edit

Press release

Tata - 18 May 2018

Tags

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India

Iron and Steel

Public

Friendly

Single Bidder

Acquisition

Completed

Merger

Majority

auto-grade steel

Synopsis

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Tata Steel, an Indian multinational steel-making company, completed the acquisition of Bhushan Steel, the largest manufacturer of auto-grade steel in India, for $9.3bn.

Service Providers (7)

Dealmakers

accounting advisors

Deloitte

financial advisors

KPMG

legal advisors

L&l Partners

financial advisors

Deloitte

legal advisors

Shardul Amarchand Mangaldas & Co

financial advisors

Arpwood Capital

legal advisors

Azb & Partners

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