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Tata Steel director says Ratan Tata was told to sell Europe business but he was unwilling
Fp Staff •Like the Nano, Tata Steel Europe too seems to be an emotional investment for the Tatas
UK renews pre-Brexit financial aid pledge for Tata Steel
•Tata Steel, Britain's biggest steel maker, put its UK assets up for sale in March.
Liberty eyes other acquisitions if bid for Tata Steel UK fails
•Liberty is one of a number of companies that have put forward offers to buy Tata Steel's loss-making UK operations
Major fire at Tata Steel plant in UK
•"The fire is now contained and we are assessing the damage and the clean-up operations," Tata Steel 's spokesperson said.
Tata Steel UK completes sale of long products biz to Greybull
•Tata Steel today said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital LLP. Besides Scunthorpe steelworks in England, Tata Steel has sold mills in Teesside and northern France, which employ a total of 4,800 people, the company said in a statement.
Indian-origin tycoon Sanjeev Kumar Gupta formally bids for Tata Steel UK
Ians •Metals major Liberty House, founded by Indian-born industrialist Sanjeev Kumar Gupta, has formally submitted its bid for acquiring most of the UK assets of Tata Steel, that has suffered nearly $3 billion in losses thus far.
Indian-origin tycoon's firm confirms bid for Tata Steel in UK
•Indian-origin businessman Sanjeev Gupta's Liberty House group has confirmed that it will be submitting its bid for Tata Steel's loss-making UK businesses by tomorrow, according to a media report.
Government may have to do more to help Tata find buyer for UK assets - CEO
•The British government will probably have to do more to help India's Tata Steel to find a buyer for its steel plants in the country, Bimlendra Jha, the chief executive of Tata Steel UK said on Thursday.
Up to 25% stake in Tata Steel will meet EU rules on state aid, says UK
•"In situations like these nationalisation is rarely the answer. The British steel industry would be in much worse shape had it not been privatized in the first place," said Javid.
UK govt willing to acquire 25% stake in Tata Steel plants
•The UK government today announced it is willing to acquire 25 per cent stake in Tata Steel's UK operations to help potential buyers eyeing ownership of the Indian steel giant's loss-making plants.