Tata Steel, one of the world’s biggest makers of the alloy, said on March 30 it was putting its British assets up for sale.
London: British business minister Sajid Javid said on Monday that the government would consider co-investing on commercial terms to secure the sale of Tata’s UK steel-making assets.
Tata Steel, one of the world’s biggest makers of the alloy, said on March 30 it was putting its British assets up for sale, citing a global oversupply of steel, high costs, weak domestic demand and a volatile currency.
“I’ve been in contact with potential buyers, making clear that the government stands ready to help,” Mr Javid told Parliament. “This includes looking at the possibility of co-investing with a buyer on commercial terms.”
He said the government had appointed Ernst and Young (EY) to act as their financial advisers on any deal.
[“source-ndtv”]
