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Tata Steel in talks with Greybull to sell Europe assets

Discussion in 'Indian Stocks' started by capitalstars05, Dec 23, 2015.

  1. capitalstars05

    capitalstars05 New Member

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    Tata Steel UK has signed a letter of intent with Greybull Capital to enter exclusive negotiations for a potential sale of its long products Europe business.
     
  2. suhani sahani

    suhani sahani New Member

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    Shares of metal and mining companies are witnessing an upsurge in today’s trade following a rebound in the commodity prices. Vedanta, Hindalo and Tata Steel are trading higher between 1%-2%. However, Tata Steel has shed 0.5% on account of profit taking. Tata Steel has signed a letter of intent with Greybull Capital to start exclusive negotiations for the potential sale of its UK long product business. This deal is likely to fetch the company nearly Rs 5,000 crore.

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