Tata Steel starts UK biz sale; sells Long Products to Greybull for £1
The embattled steelmaker appointed KPMG LLC as process advisor for the "thorough, but expedited sale" of its entire shareholding in its subsidiary Tata Steel UK, which includes Britain's largest steel plant at Port Talbot.
Apr 11, 2016, 17:41 PM ISTTata Steel due to begin formal UK sale process
Tata Steel is due on Monday to begin the formal sale process for its loss-making British units which employ 15,000 people, a source close to the company said
Apr 11, 2016, 15:06 PM IST