Tata separates Dutch unit, discusses sale to SSAB

Tata Steel confirms it is in talks with Sweden’s SSAB over the potential sale of its unit in the Netherlands.

Group management is in talks with the supervisory board and management of Tata Steel Netherlands, and the process will move to the next stage including due diligence and stakeholders’ consultations, it says. Proceeds of any strategic restructuring will be deployed towards additional deleveraging of the balance sheet, it adds.

 

Read more at Tata separates Dutch unit, discusses sale to SSAB.

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