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Tata Selling U.K. Steel Plant in Scunthorpe to Greybull

  • Tata announces formal sales process for rest of U.K. steel
  • Government would consider co-investing on commerical terms

Tata Steel Ltd. agreed to sell part of its European steel operations, including the giant Scunthorpe plant, to Greybull Capital LLP -- a significant step in the company’s efforts to exit the U.K.’s dismal steel industry.

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