Tata Steel inks deal for talks on assets sale to Liberty House
INDIA’S Tata Steel said today that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and produces specialised steel for the aerospace and automotive industries, as well as the oil and gas sector. However, Tata Steel gave no update on the future of the rest of its UK assets – including Britain’s biggest steel plant at Port Talbot in Wales. Earlier this year, Tata Steel decided to offload its loss-making British assets, blaming…
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