UK won't take more than 25 percent stake in Tata Steel assets: UK business secy

LONDON (Reuters) - British Business Secretary Sajid Javid said on Thursday the government was not prepared to take more than a 25 percent equity stake in Tata Steel's UK assets and he wanted to see them sold as soon as possible.
"Twenty five percent was the limit that I thought was necessary to show that on the one hand you're serious about helping ... but also not to put off potential investors by saying this is something the government seeks to control," he told a committee of lawmakers.
(Reporting by William James, editing by Elizabeth Piper)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Apr 28 2016 | 4:21 PM IST
