Tata Steel to split European activities, in talks with SSAB for Dutch sale
SSAB earlier on Friday confirmed it is in discussions with Tata Steel Group
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A general view shows the Tata Steel works in Scunthorpe, northern England | Photo: Reuters
AMSTERDAM (Reuters) - Tata Steel will split its Dutch and British steel operations with immediate effect, as it is looking to sell the Dutch arm, a source close to the company told Reuters on Friday.
Swedish steelmaker SSAB earlier on Friday confirmed it is in discussions with Tata Steel Group over the potential acquisition of the IJmuiden steel mill in the Netherlands and related downstream assets.
(Reporting by Bart Meijer; editing by David Evans)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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First Published: Nov 13 2020 | 8:05 PM IST