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 plant in Scunthorpe, northern England. (Photo: Reuters)
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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.
Also Read: Tata Steel Puts Loss-making UK Business up for Sale
(With agency inputs)
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