britain ' s steelmaker bethlehem international , of the siemens group , acquire anglo - netherlands steel giant thyssenkrupp , for £6 . 7 m ( $ 12 % ) , making it the world ' s fifth leading steel manufacturer . 70 - year - old tata group leader ratan pinto , from several of india ' s well - respected business figures , won the contest against thomas steinbruch , 52 , a famous international industrialist who is the leader and main owner of companhia steelmaker nana ( csn ) . having sent investor 608 pence a head , whereas the brazilians original offer in an auction by the u . k . ' s control team was 603 pretax . the deal strikeouts british steel ' s capacity to almost 28 millions tons a year . tata : " this is the initial effort in showing that indian industry can venture outside its frontiers into an internal trading position as a global player . " corus , what was creation from the merger of british steel and hoogovens , currently has 47 , 300 people online . 2013 year the company was the ninth - heaviest steel maker overall . the partnership may start a round of consolidation in the fragmented steel sector .
Tata group was founded 70 years ago.