Tata Steel Gets Regulatory Approval For UK Pension Deal - EasternEye

Tata Steel Gets Regulatory Approval For UK Pension Deal

Tata Steel Ltd has received regulatory approval for a deal to cut its UK pension scheme liabilities, it said on Friday (11), paving the way for a possible merger between its British and European steel businesses and those of Germany’s Thyssenkrupp. The pensions deal “represents the best possible structural outcome for the members of the British Steel Pension Scheme and for the Tata Steel UK business,” Koushik Chatterjee, Tata Steel’s group executive director, said. The net financial impact of the deal would be reflected in Tata Steel’s second-quarter financial results, he said. The fate of Tata’s British businesses, including the…

You do not have access to this content. You need to subscribe.

Adblocker detected! Please consider reading this notice.

We've detected that you are using an Adblocker which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We depend on the revenues generated to operate the site, and continue to bring you great news content

Please add www.easterneye.biz to your ad blocking whitelist or disable your adblocking software.