Newspaper: Three Firms Competing to Buy Tata Steel European Operation
12/07/2015 - A deal to acquire Tata Steel's European long products business could come as soon as this week, according to a report in The (London) Telegraph newspaper.
According to the newspaper, two British turnaround investors and an American private equity firm have submitted competing bids for the business, which includes the integrated Scunthorpe Works in England.
The business is the former Anglo-Dutch steelmaker Corus, which Tata acquired in 2007 before the global financial crisis.
A Tata Steel spokesman said only that the company is “still assessing all strategic options for our long products Europe business.”
The business is the former Anglo-Dutch steelmaker Corus, which Tata acquired in 2007 before the global financial crisis.
A Tata Steel spokesman said only that the company is “still assessing all strategic options for our long products Europe business.”
