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3 months ago
BRIEF-Tata Steel completes sale of Speciality Steel UK Ltd to Liberty House Group
May 2, 2017 / 9:32 AM / 3 months ago

BRIEF-Tata Steel completes sale of Speciality Steel UK Ltd to Liberty House Group

1 Min Read

May 2 (Reuters) - Tata Steel Ltd

* Says sale of Speciality Steel UK Limited

* Says Speciality Steel UK Limited divested entire equity stake to Liberty House Group

* Says consideration of sale GBP 100 million

* Says sale covers several South Yorkshire based assets

* UK unit also in talks with British Steel Pension Scheme Trustees, pension regulator to develop structural solution for pension scheme in coming months

* Tata Steel's strip products business will continue to employ about 8,500 people in UK

* New investments to improve manufacture capability will enable production of premium steels in Shotton, Llanwern Source text for Eikon: Further company coverage:

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