Deals
Tata Enters Talks to Sell European Long-Products Steel Business
- Exclusive negotiations with Greybull Capital cover U.K. mills
- European business is ``a drag'' for Tata Steel: Angel Broking
The Tata Steel processing plant in Scunthorpe, U.K.
Photographer: Christopher Furlong/Getty ImagesThis article is for subscribers only.
Tata Steel Ltd. has entered exclusive talks with Greybull Capital LLP to sell its European long-products steel business.
The agreement covers its Scunthorpe steelworks in England, as well as mills in Teesside and northern France, the Indian company’s U.K. subsidiary said in a statement Tuesday. Tata said it’s too early to know the outcome of the negotiations.