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Tata Steel UK News

11 Jul 2017

Tata Steel to sell SAW mills in UK to Liberty House Group

The sale agreement covers the 42-inch and 84-inch pipe mills, also known as the SAW mills, where about 140 employees manufacture pipeline for gas and oil projects around the world, the company said in a statement.

02 May 2017

Tata Steel UK completes sale of speciality steel business to Liberty House Group

Tata Steel UK In a major announcement on Tuesday, Tata Steel UK announced that it has completed sale of its speciality steel business to Liberty House Group for 100 million pound.

08 Mar 2017

Tata Steel UK to close pension scheme, to implement new scheme

Tata Steel UK has completed the consultation process to close its existing pension scheme for its workers from March 31, 2017. A new pension scheme will be implemented from April 1, 2017.

09 Feb 2017

Tata Steel UK concludes sale of speciality division to Liberty House

09 Feb 2017

Tata Steel UK to sell Specialty Steels to Liberty House for £100 mn

Global giant Tata Steel Thursday said it has inked a pact to sell its Specialty Steel business that employs 1,700 people to Liberty House Group for 100 million pound (about Rs 840 crore).

27 Jan 2017

Unions back Tata Steel pension plan

UK Steel workers' unions have given their backing to Indian conglomerate Tata Steel UK's pension plan in a bid to rescue thousands of jobs and allow a merger with German major ThyssenKrupp to go ahead.

13 Jan 2017

Tata Steel offers to pay millions for pension scheme revamp

28 Nov 2016

Tata Steel signs pact with Liberty House Group for sale of UK Speciality Steels operations

Tata Steel on Monday clinched a pact with UK-based Liberty House Group that allows it to start exclusive talks for potential sale of its Speciality Steels business for an enterprise value of 100 million pounds subject to due diligence and corporate approvals.

04 Nov 2016

Tata Steel to decide on future in UK in 4 weeks: Report

Ratan Tata, who was appointed interim chairman of Tata Group after Cyrus Mistry's unceremonious exit recently, is keen to keep the UK steelworks part of the conglomerate and will make a decision in this regard within four weeks, a media report said on Friday.

28 Oct 2016

Tata Steel says no change in European consolidation strategy

Tata Steel today said it continues to pursue European consolidation strategy and is in talks with Thyssenkrupp AG for potential JV for European steel business, following purported disclosure from ousted chairman Cyrus Mistry that some group firms could face a potential writedown of USD 18 billion.

26 Sep 2016

Tata Steel to resolve the pension dispute in UK

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Tata Steel's largest asset in UK

11 Jul 2016

UK says still offers to take a stake in Port Talbot after Tata pauses sale

Britain said on Monday it could still take a stake in Tata Steel's largest assets, including the Port Talbot plant, or offer loans in order to find a buyer after the Indian steelmaker said it was pausing the sale.

Liberty House Group

07 Jul 2016

Liberty to bid for Tata Steel units, Port Talbot sale on ice: Source

Liberty House Group plans to bid for two units of Tata Steel`s British business - specialty steels and pipeline tubes - which operate independently of its Port Talbot plant and related assets that were put up for sale earlier this year, an industry source told Reuters.

03 Jun 2016

Tata Steel close to deal to keep UK business: Reports

London:Tata Steel is believed to be close to striking a deal with the UK government to keep its British steelworks rather than sell it off, which would secure the future of 11,000 workers, UK media reports said on Friday.

01 Jun 2016

Tata Steel UK completes sale of long products biz to Greybull

New Delhi: Tata Steel on Wednesday said it has completed sale of its European long steel business, including the giant Scunthorpe plant, to Greybull Capital LLP.

25 May 2016

Tata Steel says yet to shortlist bidder for UK plant

Earlier this month, Tata Steel Europne announced that it had received seven expressions of interest to acquire the firm's UK ailing business.

05 May 2016

UK talking 'intensively' with Tata Steel: David Cameron

The British government is "talking intensively" with Tata Steel and will work with it to create a shortlist of "serious" buyers of the Indian steel giant's loss making units in the UK, Prime Minister David Cameron has said.

04 May 2016

Tata Steek UK gets two formal bids: Know who they are!

A day after India-born businessman Sanjeev Gupta's Liberty House Group announced it had officially submitted its letter of Intent to acquire Tata Steek UK plant, another team has emerged with a bid to buy the loss-making assets.

03 May 2016

India-born Sanjeev Gupta's Liberty House Group submits bid for Tata Steel UK

Metals group Liberty House confirmed on Tuesday it had formally submitted a letter of intent to buy the British assets of Tata Steel.

21 Apr 2016

UK government to buy 25% stake in Tata Steel

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