Tata Steel IJmuiden to acquire 100% stake in LAG Velsen B.V. for up to €140 million
Tata Steel's subsidiary, Tata Steel IJmuiden B.V., is acquiring 100% of LAG Velsen B.V. for up to €140 million to secure critical power plants for its operations, with completion expected by January 1, 2026.
This acquisition has a high impact because it involves a significant investment (€140 million) and is crucial for maintaining the operational stability and energy supply of Tata Steel IJmuiden's core steel production activities by securing essential power generation infrastructure.
The acquisition is strategically positive as it secures the continued operation of critical power plants essential for converting process gases from Tata Steel's IJmuiden operations, especially since the existing tolling contract is not being extended. This ensures operational continuity and energy supply.
* Tata Steel IJmuiden B.V. (TSIJ), an indirect wholly-owned foreign subsidiary of Tata Steel Limited, has executed a Share Purchase Agreement on November 14, 2025, to acquire 100% equity stake in LAG Velsen B.V. * LAG Velsen B.V. is an entity to be incorporated by Vattenfall Power Generation Netherlands B.V., specifically for this transaction. * The acquisition is valued at an agreed purchase price of up to €140 million (approximately ₹1,450 crore). * Upon completion, LAG Velsen B.V. will become an indirect wholly-owned foreign subsidiary of Tata Steel Limited. * The acquisition includes three Velsen Power Plants (VN24, VN25, and IJmond01) with a total electric capacity of 770 megawatts. * These power plants currently process and convert gases from TSIJ’s steel-production activities into electricity, supplied back to TSIJ under a tolling contract expiring on December 31, 2025. * Vattenfall is not extending the tolling contract, making this acquisition crucial for Tata Steel Nederland’s operations to ensure continued conversion of its process gases. * The transaction requires competition approval from The Netherlands Authority for Consumers and Markets (ACM) and approval under the Dutch Electricity Act from the Netherlands Investment Screening Agency (BTI). * LAG Velsen B.V. is yet to commence operations; the turnover for its demerged assets was €110.8 million for calendar year 2024. * The transaction is expected to be completed by January 1, 2026.
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Tata Steel Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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