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Setback for Tata Steel, talks with SSAB to sell Dutch plant collapse

Tata Steel confirmed on Friday that SSAB had withdrawn its initial interest, but the company said it was committed to arriving at a strategic resolution for its European portfolio

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Tata Steel | Netherlands

Ishita Ayan Dutt  |  Kolkata 



tata steel
We have carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be difficult for technical reasons” Martin Lindqvist, President and CEO, SSAB

Sweden’s SSAB has withdrawn its initial interest for Tata Steel’s business. On November 13, announced that it had started discussions with SSAB for a potential acquisition of its business, including Ijmuiden steelworks, and due diligence was expected to be completed by the end of December.

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First Published: Sat, January 30 2021. 03:33 IST

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