Tata Steel Acquisition of NatSteel – Impact on Economic Value Added Harvard Case Solution & Analysis

B. Muthuraman from Tata Steel, India, made an offer to get the steel company of the National Iron and Steel Company, Singapore (NatSteel). Valued at US$289.50 (S$486) million, the NatSteel acquisition was India's second largest in that year. The acquisition provided accessibility to Tata Steel to steel finishing capacity in East Asia and Southeast Asia and NatSteel's customers.

In addition, it catapulted Tata Steel's installed capacity from four to six million short tons and international ranking from 56 to 28. Although the bargain seemed inexpensive to Muthuraman as compared to setting up a brand new integrated steel plant of a similar size, he believed that successful cross border acquisition management remained a vital challenge to realise its value and his VISION 2007: Prolonging the 'EVA Positive' standing for the business.

Publication Date: 10/14/2010

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