Tata Steel has completed its £6.2 billion ($12 billion) acquisition of Corus Group plc at a price of 608 pence per ordinary share in cash.
The enlarged company will have a crude steel production of 27 million metric tons in 2007 and will be the world's fifth largest steel producer with 84,000 employees across four continents.
Commenting on the conclusion of the acquisition, Tata Steel chairman Ratan Tata stated, "The completion of this acquisition of Corus by Tata Steel is a major step forward in the company's global strategy and represents an exciting future for both businesses. I firmly believe that both Tata Steel and Corus, two companies with long, proud histories, share a common business culture and a global vision for the business."