Tata Steel to acquire Velsen Power Plants from Vattenfall Power Generation for €140m.

Synopsis

Tata Steel, an Indian multinational steel company, agreed to acquire Velsen Power Plants from Vattenfall Power Generation, a producer and retailer of electricity and heat, for €140m.

Principals

target

Vattenfall (velsen Power Plants)

bidder

Tata Steel (tsl)

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Market Context