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Tata Steel Limited (TATASTEEL.BO)

BSE - BSE Real-time price. Currency in INR
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889.60-8.25 (-0.92%)
At close: 3:49PM IST
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  • Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant
    Reuters

    Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant

    Swedish steelmaker SSAB has ended talks over a potential acquisition of Tata Steel's Dutch steel mill, it said on Friday, adding a fresh twist to the ongoing consolidation of Europe's steel sector. SSAB announced in November that it was in talks to buy IJmuiden, raising funding concerns among some analysts and SSAB investors about the $2 billion to $3 billion deal. "We carefully evaluated Tata Steel IJmuiden and have concluded that an acquisition would be difficult for technical reasons," SSAB Chief Executive Martin Lindqvist said.

  • Tata Steel to continue separation of European activities -works council
    Reuters

    Tata Steel to continue separation of European activities -works council

    Tata Steel's European works council on Friday said it expected the separation of Tata Steel's Dutch and British operations to continue, despite Swedish steelmaker SSAB's decision to halt talks over the potential acquisition of Tata's Dutch steel mill. "It is unclear how we will proceed, but we expect the separation to continue," works council chair Cinta Groos told Reuters. Groos said she did not expect takeover talks with ThyssenKrupp to be revived, after the European Commission blocked a merger between Tata's European activities and the German company in 2019.

  • Liberty Steel set to snap up Tata's Port Talbot steelworks
    Yahoo Finance UK

    Liberty Steel set to snap up Tata's Port Talbot steelworks

    Over the weekend Sanjeev Gupta’s company announced that Swedish firm SSAB was negotiating with Tata over buying its assets in the Netherlands.