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03 Jun 2016

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.

14 Apr 2016

Sale of long products business won't lower Tata Steel's debt: S&P

Tata Steel's move to sell its long products business will reduce the cash losses of one of the world's largest steelmakers, but would not lower its debt, Standard & Poor's Ratings Services said on Thursday

12 Apr 2016

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.

11 Apr 2016

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.

22 Dec 2015

Tata Steel in talks to sell struggling UK assets

Tata Steel is in talks with investment firm Greybull Capital to sell its struggling Long Products Europe business in the UK, the Indian steel giant said Tuesday.

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