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Tata Steel UK signs Letter of Intent with Liberty House Group

Capital Market 

For potential sale of its Speciality Steels business

announced the signing of a Letter of Intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of GBP 100 million subject to due diligence and corporate approvals.

The Letter of Intent covers several South Yorkshire-based assets including the Rotterdam electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, and in Suzhou and Xian, China. Speciality employs about 1700 people making steels for the aerospace, automotive and the oil & industries.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Tata Steel UK signs Letter of Intent with Liberty House Group

For potential sale of its Speciality Steels business

For potential sale of its Speciality Steels business

announced the signing of a Letter of Intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of GBP 100 million subject to due diligence and corporate approvals.

The Letter of Intent covers several South Yorkshire-based assets including the Rotterdam electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, and in Suzhou and Xian, China. Speciality employs about 1700 people making steels for the aerospace, automotive and the oil & industries.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Tata Steel UK signs Letter of Intent with Liberty House Group

For potential sale of its Speciality Steels business

announced the signing of a Letter of Intent with Liberty House Group to enter into exclusive negotiations for the potential sale of its Speciality Steels business for an enterprise value of GBP 100 million subject to due diligence and corporate approvals.

The Letter of Intent covers several South Yorkshire-based assets including the Rotterdam electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, and in Suzhou and Xian, China. Speciality employs about 1700 people making steels for the aerospace, automotive and the oil & industries.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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