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Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn

Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries

BS B2B Bureau  |  Mumbai 

Tata Steel UK has signed a letter of intent (LoI) with Liberty House Group to enter into exclusive negotiations for the potential sale of its speciality steels business for an enterprise value of £ 100 million subject to due diligence and corporate approvals. The LoT covers several South Yorkshire-based assets including the Rotherham electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK, and in Suzhou and Xi’an, China. Speciality steels business, which employs about 1,700 ...

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Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn

Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries

Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries Tata Steel UK has signed a letter of intent (LoI) with Liberty House Group to enter into exclusive negotiations for the potential sale of its speciality steels business for an enterprise value of £ 100 million subject to due diligence and corporate approvals. The LoT covers several South Yorkshire-based assets including the Rotherham electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK, and in Suzhou and Xi’an, China. Speciality steels business, which employs about 1,700 ... image
Business Standard
177 22

Liberty House to buy Tata Steel UK's speciality steels business for £ 100 mn

Speciality steels business, which employs about 1,700 people, produces steels for the aerospace, automotive and the oil & gas industries

Tata Steel UK has signed a letter of intent (LoI) with Liberty House Group to enter into exclusive negotiations for the potential sale of its speciality steels business for an enterprise value of £ 100 million subject to due diligence and corporate approvals. The LoT covers several South Yorkshire-based assets including the Rotherham electric arc steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK, and in Suzhou and Xi’an, China. Speciality steels business, which employs about 1,700 ...

image
Business Standard
177 22