Greybull Capital in race to buy Tata Steel’s long products unit in UK.

Industry:    2015-12-23

Investment firm Greybull Capital is believed to be leading the race for acquiring Tata Steel’s long products unit in the UK. On Tuesday, Tata SteelBSE 3.09 % also confirmed that is in talks to sell the unit. Tata Steel, which is Britain’s largest steelmaking company has been trying to sell its long products unit, since last year. The move coincides with the down turn in the global steel market and has gained urgency as the demand situation worsens with prices sliding to decade lows. .. Read more at: http://economictimes.indiatimes.com/articleshow/50290598.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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