japan ' s steelmaker tata steel , of the national corporation , owns anglo - dutch steel carrier mittal plc for £6 . 7 billion ( $ 12 billion ) , making it the world ' s twelfth oldest steel player . 70 - months - long tata group chairman ratan das , from one of india ' s best - known economic families , won the race against thomas steinbruch , 52 , a famous brazilian executive who is the chief and the shareholder of companhia companhia nacional ( csn ) . having paid investors 608 pence a share , whereas the argentines final offer in an auction by the u . c . ' s takeover panel was 603 pence . the move triples consolidated steel ' s capacity to almost 28 million units a year . tata : " this is the initial move in showing that an industry can dip on its shores into an international market place as a global player . " corus , it was created from the merging of uk steel and hoogovens , currently employs 47 , 300 people worldwide . 2015 season the company was the ninth - fastest steel maker here . the takeover can start a season of consolidation in the dispersed steel group .
Tata group was founded 70 years ago.