Tata Steel UK completes sale of its Speciality Steels business to Liberty House Group
Tata Steel UK has completed the sale of its Speciality Steels business to Liberty House Group for a total consideration of 00 million.
The sale covers several South Yorkshire-based assets including the electric arc steelworks and bar mill at Rotherham, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as services centres in Bolton and Wednesbury, UK and in Suzhou and Xian, China. Speciality Steels directly employs about 1700 people making steels for the aerospace, automotive and the oil & gas industries.
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First Published: May 02 2017 | 7:04 PM IST