No guarantee of a buyer for Tata Steel’s biz in UK: David Cameron
Britain’s Prime Minister David Cameron said there was no guarantee a buyer could be found for Britain’s biggest steel producer after Tata Steel announced it was pulling out, and a state takeover was not the answer. Cameron is likely to take up the issue with Prime Minister Narendra Modi when they meet in Washington DC, The Guardian reported. Both leaders will be in the US capital for the Nuclear Security Summit on Friday. Tata Steel acquired the Anglo Dutch Corus Group in a $12-billion deal in 2007. The then Tata Group chairman Ratan Tata had called the deal a “very visionary move.
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