Tatas to Sell Spe­cial­ity Steel Busi­ness in UK

The Economic Times - - Front Page -

Tata Steel signed a de­fin­i­tive agree­ment to sell its UK sub­sidiary’s spe­cial­ity steel busi­ness to the Lib­erty House Group for £100 mil­lion (.`839 crore), the com­pany said in a reg­u­la­tory fil­ing on BSE on Thurs­day, re­ports Our Bureau from Mum­bai. It said the deal cov­ers sev­eral South York­shire-based as­sets, in­clud­ing elec­tric arc steel­works and bar mill at Rother­ham, steel pu­ri­fy­ing fa­cil­ity in Stock­bridge, a mill in Brinsworth as well as ser­vice cen­tres in in the UK and in China.

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