Tata Steel UK staff to bid for Welsh business
Tata Steel UK's senior staff are believed to be finalising plans to bid for a management buyout of the Indian group's troubled Welsh steelworks.
Apr 20, 2016, 17:05 PM IST
Tata Steel appoints StanChart for UK unit sale
Tata Steel Europe said on Monday it had asked Standard Chartered to work as an adviser alongside KPMG to look for interested buyers. The bank has links with Tata Group in India and is expected to be tasked with finding possible suitors in Asia, especially among Chinese steel producers.
Apr 18, 2016, 22:02 PM IST
Tata Steel reaches out to 190 parties for sale of UK assets
Tata Steel Monday said it has reached out to 190 potential financial and industrial investors for selling its UK assets, while appointing Standard Chartered Bank as an additional advisor to scout for buyers in Asia and the Far East.
Apr 18, 2016, 17:30 PM IST
UK govt prevented immediate closure of Tata Steel's Wales unit
The UK government has secured a "reprieve" from Tata Steel to save thousands of jobs at its loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid told the Parliament Tuesday.
Apr 12, 2016, 22:10 PM IST
Tata Steel shares down 4% as co starts sale of UK biz
Shares of Tata Steel fell by almost 4 percent, a day after the company kickstarted the sale of its cash-guzzling UK arm with divestment of Long Products Europe business to investment firm Greybull Capital for a nominal amount of 1 pound.
Apr 12, 2016, 12:35 PM IST
UK government may co-invest to save Tata Steel's Welsh unit
The UK government may decide to co- invest with a steel buyer to help save thousands of jobs at Tata Steel's loss-making Port Talbot steelworks in Wales, UK business secretary Sajid Javid said Monday.
Apr 11, 2016, 23:47 PM IST
'British Steel' name to come back as Tatas exit Scunthorpe
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
Apr 11, 2016, 23:01 PM IST
Tata Steel starts UK biz sale; sells Long Products to Greybull for £1
The embattled steelmaker appointed KPMG LLC as process advisor for the "thorough, but expedited sale" of its entire shareholding in its subsidiary Tata Steel UK, which includes Britain's largest steel plant at Port Talbot.
Apr 11, 2016, 17:41 PM IST
Prince William, Kate Middleton to raise Tata Steel workers' woes during India tour
Prince William and wife Kate Middleton are expected to raise during their upcoming maiden India tour the plight of thousands of British steelworkers hit by the Tata Steel's decision of selling their loss-making plants in the UK, a media report said Thursday
Apr 07, 2016, 19:32 PM IST
Tata Steel sale talks: Unite demands full debrief from govt
A day after UK Business Minister Sajid Javid met Tata Group Chairman Cyrus Mistry over the future of its British steel unit, top trade union Unite Thursday demanded a "fuller debrief" on the next move of the government as well as the Indian conglomerate.
Apr 07, 2016, 17:58 PM IST
Tata Steel UK suitor Liberty House to start due diligence in around 10 days
Liberty House Group will start due diligence within a week from Monday on the loss-making UK assets that Tata Steel has put up for sale, its boss Sanjeev Gupta said, adding he was confident of turning the business around with government help.
Apr 07, 2016, 17:46 PM IST
Tata Steel UK biz sale begins Monday; Britain for job security
Tatas will launch the sale process by Monday for its cash-guzzling steel business in the UK with the British government Wednesday promising to help find a serious buyer in its bid to secure jobs of thousands of workers at plants there.
Apr 06, 2016, 22:12 PM IST
British minister Sajid Javid meets Cyrus Mistry; Tata Steel UK sale process to begin Monday
British Minister Sajid Javid on Wednesday said Tata Steel would launch sale process for UK business by Monday with the David Cameron government helping secure a serious buyer.
Apr 06, 2016, 21:06 PM IST
Sanjeev Gupta meets UK biz minister Sajid Javid on Tata Steel UK buyout
Having evinced interest in acquiring certain assets of Tata Steel UK, Indian-origin businessman Sanjeev Gupta Tuesday met UK's Business Secretary Sajid Javid and said he is waiting for Tatas to start the "sales process" and promised that there will not be any major job cuts.
Apr 05, 2016, 23:19 PM IST
UK 'doing everything it can' to help steel industry: David Cameron
British Prime Minister David Cameron today assured the nation that his government is "doing everything it can" to save thousands of jobs in the crisis-hit steel industry but warned there were "no guarantees of success" after India's steel giant Tata Steel decided to sell its loss-making UK businesses
Mar 31, 2016, 18:19 PM IST
David Cameron likely to hold emergency meet on Tata Steel UK biz
The latest development also comes at a time when uncertainty persists over British economy ahead of the referendum in June to decide whether Britain should stay in the European Union or not.
Mar 30, 2016, 22:45 PM IST
Exiting UK ops a logical way of de-risking biz: Tata Steel
Having decided to put the entire UK operations on the block, Tata Steel Tuesday said it was "a logical way of de-risking its businesses" after the book-value turned fully negative in the last one year after being "hit by an avalanche of adversities".
Mar 30, 2016, 20:39 PM IST
Tata Steel puts UK biz on block; Govt, unions hunt for options
Tata Steel has put its entire UK business on the block, putting thousands of jobs at risk amid a deepening crisis in the country's once-storied sector that the Indian conglomerate had entered nearly a decade ago with a USD 14-billion takeover with much fanfare.
Mar 30, 2016, 18:13 PM IST
Tata Steel Agrees To Sell Clydebridge And Dalzell Plants
Tata Steel is still negotiating the potential sale of the rest of its Long Products Europe business to Greybull Capital.
Mar 25, 2016, 11:40 AM IST
Tata Steel may be nearing a deal on UK plant
It is estimated that hundreds of millions of pounds will be needed to revive the business.
Dec 06, 2015, 21:12 PM IST
