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Tata Steel UK Completes Sale of Long Steel Biz to Greybull Capital

The sale included the Scunthorpe plant in England and mills in Teesside and northern France.

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  • Tata Steel on Wednesday said it has completed sale of its European long steel business, for a “nominal” fee, including the giant Scunthorpe plant in England, to Greybull Capital.

  • The company also announced that it has sold mills in Teesside and northern France, which employ a total of 4,800 people.

  • Reeling under losses for several years, Tata Steel was in talks with London-based private equity firm Greybull Capital since December.

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Topics:  Tata Steel   Tata Steel UK 

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