Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    50,489.74
    -1,075.00 (-2.08%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Liberty bid for two Tata Steel UK units worth nearly 100 mln pounds - source

Reuters - UK Focus

LONDON, Sept 28 (Reuters) - Industrial and commodity group Liberty House's bid for Tata Steel UK's speciality steel and pipe businesses is worth nearly 100 million pounds ($130 million), an industry source told Reuters on Wednesday.

Britain's largest steelmaker paused the sale of its major UK assets in July to explore a joint venture with Germany's Thyssenkrupp (LSE: 0O1C.L - news) , but proceeded with separate talks to sell its speciality and pipe businesses.

The businesses employ around 2,000 people directly, but up to 8,000 jobs would be at risk in sectors related to steelmaking if sale talks fail.

Liberty was a bidder for Tata Steel UK's major assets.

ADVERTISEMENT

An industry source told Reuters after Tata Steel (BSE: TATASTEEL.BO - news) paused the sale that Liberty would proceed with plans to bid for the company's speciality steel and pipe businesses, based in Rotherham, Stocksbridge and Hartlepool.

Tata Steel and Liberty declined to comment.

($1 = 0.7695 pounds) (Reporting by Maytaal Angel; Editing by Veronica Brown and Mark Potter)