• Tuesday, November 29, 2022

Business

Tata Steel UK agrees to sell speciality steel business to Liberty House

Tata Steel UK has finally been saved

By: Eastern Eye Staff

Tata Steel UK has signed a £100 million ($126 million) deal to sell its speciality steel business to Liberty House Group, part of Indian owner Tata Steel Ltd’s drive to restructure its European operations. The deal, which is subject to regulatory clearances, secures 1,700 jobs, mostly in South Yorkshire in the north of England, Britain’s largest steelmaker said in a statement on Thursday. The speciality division is one of the world’s biggest suppliers for the aerospace industry, with customers including Rolls-Royce, Boeing and Airbus. “This is an important step forward in securing a future for the (speciality) business. Today’s news…

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