Tata Steel close to deal to keep UK business: Reports

Tata Steel close to deal to keep UK business: Reports

London:Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK media reports said on Friday.

Tata Steel UK completes sale of long products biz to Greybull

Tata Steel UK completes sale of long products biz to Greybull

New Delhi: Tata Steel on Wednesday said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital LLP.

Tata Steel says yet to shortlist bidder for UK plant

Tata Steel says yet to shortlist bidder for UK plant

Earlier this month, Tata Steel Europne announced that it had received seven expressions of interest to acquire the firm's UK ailing business.

UK talking 'intensively' with Tata Steel: David Cameron

UK talking 'intensively' with Tata Steel: David Cameron

The British government is "talking intensively" with Tata Steel and will work with it to create a shortlist of "serious" buyers of the Indian steel giant's loss making units in the UK, Prime Minister David Cameron has said.

Tata Steek UK gets two formal bids: Know who they are!

Tata Steek UK gets two formal bids: Know who they are!

A day after India-born businessman Sanjeev Gupta's Liberty House Group announced it had officially submitted its letter of Intent to acquire Tata Steek UK plant, another team has emerged with a bid to buy the loss-making assets.

India-born Sanjeev Gupta's Liberty House Group submits bid for Tata Steel UK

India-born Sanjeev Gupta's Liberty House Group submits bid for Tata Steel UK

Metals group Liberty House confirmed on Tuesday it had formally submitted a letter of intent to buy the British assets of Tata Steel.

UK government to buy 25% stake in Tata Steel

UK government to buy 25% stake in Tata Steel

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Tata Steel UK staff to bid for Welsh business

Tata Steel UK staff to bid for Welsh business

Tata Steel UK's senior staff are believed to be finalising plans to bid for a management buyout of the Indian group's troubled Welsh steelworks.

Tata Steel appoints StanChart for UK unit sale

Tata Steel Europe said on Monday it had asked Standard Chartered to work as an adviser alongside KPMG to look for interested buyers. The bank has links with Tata Group in India and is expected to be tasked with finding possible suitors in Asia, especially among Chinese steel producers.

Tata Steel reaches out to 190 parties for sale of UK assets

Tata Steel reaches out to 190 parties for sale of UK assets

Tata Steel Monday said it has reached out to 190 potential financial and industrial investors for selling its UK assets, while appointing Standard Chartered Bank as an additional advisor to scout for buyers in Asia and the Far East.

UK govt prevented immediate closure of Tata Steel's Wales unit

The UK government has secured a "reprieve" from Tata Steel to save thousands of jobs at its loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid told the Parliament Tuesday.

Tata Steel shares down 4% as co starts sale of UK biz

Tata Steel shares down 4% as co starts sale of UK biz

Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.

UK government may co-invest to save Tata Steel's Welsh unit

The UK government may decide to co- invest with a steel buyer to help save thousands of jobs at Tata Steel's loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid said Monday.

'British Steel' name to come back as Tatas exit Scunthorpe

With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.

Tata Steel starts UK biz sale; sells Long Products to Greybull for £1

Tata Steel starts UK biz sale; sells Long Products to Greybull for £1

The embattled steelmaker appointed KPMG LLC as process advisor for the "thorough, but expedited sale" of its entire shareholding in its subsidiary Tata Steel UK, which includes Britain's largest steel plant at Port Talbot.

Prince William, Kate Middleton to raise Tata Steel workers' woes during India tour

Prince William, Kate Middleton to raise Tata Steel workers' woes during India tour

Prince William and wife Kate Middleton are expected to raise during their upcoming maiden India tour the plight of thousands of British steelworkers hit by the Tata Steel's decision of selling their loss-making plants in the UK, a media report said Thursday

Tata Steel sale talks: Unite demands full debrief from govt

Tata Steel sale talks: Unite demands full debrief from govt

A day after UK Business Minister Sajid Javid met Tata Group Chairman Cyrus Mistry over the future of its British steel unit, top trade union Unite Thursday demanded a "fuller debrief" on the next move of the government as well as the Indian conglomerate.

Tata Steel UK suitor Liberty House to start due diligence in around 10 days

Tata Steel UK suitor Liberty House to start due diligence in around 10 days

Liberty House Group will start due diligence within a week from Monday on the loss-making UK assets that Tata Steel has put up for sale, its boss Sanjeev Gupta said, adding he was confident of turning the business around with government help.

Tata Steel UK biz sale begins Monday; Britain for job security

Tata Steel UK biz sale begins Monday; Britain for job security

Tatas will launch the sale process by Monday for its cash-guzzling steel business in the UK with the British government Wednesday promising to help find a serious buyer in its bid to secure jobs of thousands of workers at plants there.

British minister Sajid Javid meets Cyrus Mistry; Tata Steel UK sale process to begin Monday

British minister Sajid Javid meets Cyrus Mistry; Tata Steel UK sale process to begin Monday

British Minister Sajid Javid on Wednesday said Tata Steel would launch sale process for UK business by Monday with the David Cameron government helping secure a serious buyer.