Britain says Tata deal with Greybull is a step in right direction | Reuters

LONDON British Business Secretary Sajid Javid said Greybull Capital's decision to buy Tata's Scunthorpe plant was a step in the right direction.

"Today’s announcement is a step in the right direction for the long-term future of British steel manufacturing in Scunthorpe," Javid said in a statement.

"This agreement sends positive signals to any potential investor for the rest of Tata’s UK business," he added.

(Reporting by Guy Faulconbridge; editing by Stephen Addison)

This story has not been edited by Firstpost staff and is generated by auto-feed.


Updated Date: Apr 12, 2016 02:30 AM

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