Tata Steel move to sell UK unit to trim debt, losses; could fetch company up to Rs 5,000 crore

Industry:    2015-12-25

ET Intelligence Group: Tata SteelBSE -0.08 % has signed a letter of intent with Greybull Capital to start exclusive negotiations for the potential sale of its UK long product business; a deal that could fetch the company not more than Rs 5,000 crore, according to various analyst estimates. Greybull Capital LLP is a UKbased family office that makes longterm investments in private companies. The deal, if goes through, would be a positive step for the company. This will partly reduce the .. Read more at: http://economictimes.indiatimes.com/articleshow/50290598.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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