No guar­an­tee of a buyer for Tata Steel’s biz in UK: David Cameron

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - Agen­cies letters@hin­dus­tan­

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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