London/Mumbai/Frankfurt — India’s Tata Steel would consider a majority stake in its planned European steel joint venture with Germany’s Thyssenkrupp after the business has publicly listed, according to two sources familiar with the matter. Tata’s willingness to increase its holding is a sign of its commitment to expanding its steel empire globally, said the sources. This had been questioned by investors and analysts in recent years after the company, under former group boss Cyrus Mistry, put its British steel assets up for sale after years of losses. Such a development in the planned joint venture — which would create Europe’s second-largest steel group after ArcelorMittal — would also fit with Thyssenkrupp’s strategy of reducing exposure to steel making to concentrate on manufacturing high-margin industrial and technology goods. "They have different visions. Thyssenkrupp is looking to exit the steel sector while Tata is looking to stay and grow," said one of the sources. Tata Steel...

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