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Tata Steel may sell part of Corus assets, stock down
After writing off $1.6 billion from its balance sheet towards European arm value loss recently, Tata Steel is now looking to sell of some of its European assets in order to deleverage its balance sheet, CNBC-TV18 reported today.In a bid to make Corus profitable over the long term, the steel major is looking to unlock value by selling the UK and Netherland assets of Corus, the report said. Tata ...
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