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UK high court orders British Steel into liquidationThe development follows the company's failure to secure emergency government funding. With this, some 5,000 direct jobs and another estimat...- Moody's affirms Tata Steel’s Ba2 ratingThe rating action follows Tata Steel's announcement on May 10 that it has decided against going ahead with a planned divestment of its Euro...
- Tata Steel UK completes sale of long products business to GreybullTata Steel today said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital ...
- Greybull Capital mulls bid for Tata Steel's specialty arm: ReportsInvestment firm Greybull Capital is considering making a bid for Tata Steel Ltd's UK specialty steels arm, the Financial Times reported, ci...
- Tata Steel reaches out to 190 potential financial and industrial investors for the sale of its UK businessTata Steel started sale process of UK operations last Monday, giving up on efforts to turn around the business it bought as part of the tak...
- Uncertainty on sale of Tata Steel UK may delay credit recoveryThe planned sale of Tata Steel's long product Europe business to Greybull Capital LLP will help lower cash burn and will be credit positive...
- Sale of long products business won't lower Tata Steel's debt: S&PThe proposed deal will stop Tata Steel's cash losses from the LP division and help somewhat improve profitability for the Europe operations...
- Tata Steel Europe move gets a mixed response from brokeragesUBS said that the deal is materially positive for earnings and leverage ratios. Divestment of UK assets is long-term positive, should suppo...
- Tata Steel stock down over 2% as company starts sale of UK businessAfter falling 3.89 per cent to Rs 318.25 in intra-day trade, shares of the company finally ended at Rs 324.15, down 2.11 per cent on BSE.
- Greybull Capital signs deal to buy Tata Steel's Scunthorpe businessThe British govt was under pressure to help a sale process go through after Tata said it would sell its UK business, putting 15,000 jobs at...
- 'British Steel' name to come back as Tatas exit ScunthorpeAfter suffering huge losses and facing labour troubles for years, followed by closure of several plants, BSC made a significant turnaround ...
- Tatas have been responsible seller: Steel workers’ union on Greybull Capital deal"So far, Tata Steel has honoured its commitment to be a responsible seller of the business by allowing time for the deal to be done," Commu...
- Tata Steel's sale of long products biz to Greybull Capital nears, deal likely today: ReportTata Steel could announce a deal to sell its long products business that includes the Scunthorpe steel plant to Greybull Capital as soon as...
- Tata Steel climbs over 3% as Greybull Capital buys co's Scunthorpe plant in UKThe sale to UK-based investment firm Greybull Capital would involve a 400 million pounds investment package, BBC reported.
- Don't want to increase our exposure in the UK: Koushik Chatterjee, Group Executive Director, Tata SteelThe decision is to look at all options including the sale option and the Tata Steel Europe Board has been advised to consider and implement...
- Tata Steel UK unit buyer may get government loanThe UK government is considering to offer a loan to the potential buyer of a Tata Steel plant in the east of England to help support the cr...
- Tata Steel gains 2% as it inches closer to selling UK armShares of Tata Steel gained about 2 per cent in trade on Friday after reports emerged that company is in talks to sell its UK steel plants ...
- Tata Steel closes in on UK plant saleUnion officials have confirmed that they support the deal, pending due diligence by their own independent consultants.
- Indian-origin family firm eyes Tata Steel Scottish plantsAn Indian-origin family owned steel firm, Liberty House, is said to be a new potential buyer of two of Tata Steel's Scottish plants, on the...
- Tata Steel move to sell UK unit to trim debt, losses; could fetch company up to Rs 5,000 croreTata Steel, which is Britain’s largest steelmaking company has been trying to sell its long products unit, since last year.
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