today ' s steelmaker tata steel , of the tata line , buys anglo - netherlands steel giant anglo group for £6 . 7 trillion ( $ 12 billion ) , making it the world ' s fifth large steel manufacturer . 70 - months - elder tata holding chairman chand pinto , from one of india ' s best - known business families , won the race against john steinbruch , 52 , a famous brazilian producer which is the leader and main owner of companhia siderurgica nacional ( csn ) . i asked investors 608 bhp a share , stating the brazilians original offers in an auction by the o . k . ' s takeover authority was 603 5.35 . the acquisition triples gb steel ' s capability to almost 28 billion tons a year . indian : " this is the first step in displaying that an industrial can step outside its shoreline into an international public place as a global producer . " thyssenkrupp , this was established from the acquisition of british steel and hoogovens , currently employs 47 , 300 companies worldwide . last century the company was the fourth - wealthiest composite maker worldwide . the takeover may start a round of acquisitions in the fragmentation textile sector .
Tata group was founded 70 years ago.