Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Tata steel to hold sale of Talbot Port plant
  • Business

    Tata steel to hold sale of Talbot Port plant

    Written by
    Vaneet Randhawa
    Edited by
    Gaurav Jeyaraman
    Last updated on Jul 07, 2016, 06:42 pm
    Tata steel to hold sale of Talbot Port plant
  • Sources stated that Tata Steel was putting on hold its sale of the Talbot Port steel plant.

    However, it would continue with the sale of its steel manufacturing segment under deals that were already signed.

    the UK government has stated that it had plans to nationalise the Talbot Port plant, in an effort to alleviate concerns of plant workers, who could lose their jobs.

  • In this article
    Tata Steel acquires Corus for £6.7 billion, enters England Tata Steel shuts 4 sites in Scotland, lays-off 1200 Tata Steel says in talks to sell UK unit to Greybull Capital Tata Steel to close shop in Britain Cameron calls emergency meeting to discuss Tata Steel future British government to help secure buyers for Tata Steel Liberty Steels in talks to buyout Tata Steel 7 bidders for Tata Steel UK Tata, Greybull agree on £400 million deal Tata steel to hold sale of Talbot Port plant
  • 31 Jan 2007

    Tata Steel acquires Corus for £6.7 billion, enters England

    Tata Steel acquires Corus for £6.7 billion, enters England
  • On 20 October 2006, Tata Steel signed an agreement with Corus, an Anglo-Dutch company to buy 100% stake for £4.3bn ($8.1 billion).

    However, Brazilian steel company Companhia Siderúrgica Nacional made an offer of £4.5 billion to Corus.

    On 31 January 2007, Tata Steel acquired Corus after "offering 608 pence per share, valuing Corus at £6.7 billion ($12 billion)" and made its foray into England.

  • 20 Oct 2015

    Tata Steel shuts 4 sites in Scotland, lays-off 1200

    Tata Steel shuts 4 sites in Scotland, lays-off 1200
    Credits:
  • Unable to turn the steel industry around, Tata Steel decided to shut sites in Scunthorpe, north Lincolnshire, and at Cambuslang and Motherwell in Scotland.

    This meant that 1200 of its employees would lose their jobs.

    UK Steel, a trade body in England said that the glut of cheap steel products from China was the root cause of the dying steel industry in England.

  • 22 Dec 2015

    Tata Steel says in talks to sell UK unit to Greybull Capital

    Tata Steel says in talks to sell UK unit to Greybull Capital
  • Greybull Capital was in talks with Tata Steel to buy Tata's struggling British-based unit.

    The sale of the products unit (which makes steel for use in construction) is imperative to Tata Steel's survival as the global steel prices had dropped drastically.

    Sources claimed that Greybull Capital would not take on any debt and the deal would be less than £500 million.

  • 30 Mar 2016

    Tata Steel to close shop in Britain

    Tata Steel to close shop in Britain
    Credits:
  • Britain's largest steelmaker, India's Tata Steel is considering the sale of its whole UK business.

    The steel industry in England has incurred mammoth losses, which is the primary reason for the sale.

    Tata blamed the "high manufacturing costs, domestic market weakness and increased imports into Europe from countries like China" for the present condition of the industry in England.

  • 31 Mar 2016

    Cameron calls emergency meeting to discuss Tata Steel future

    Cameron calls emergency meeting to discuss Tata Steel future
    Credits:
  • David Cameron will chair an emergency meeting with his ministers to discuss ways to avert the crisis if Tata Steel pulls the plug on its British operations.

    Pressure is mounting on Cameron as Tata's move may cut 40,000 jobs in England.

    Sajid Javid (Business Secretary) cut his Australian visit short after being criticised for being absent from England in the midst of crisis.

  • 1 Apr 2016

    British government to help secure buyers for Tata Steel

    British government to help secure buyers for Tata Steel
    Credits:
  • The UK government said that it would designate independent advisors who will help the Tata Steel's UK business to secure buyers.

    The government also assured the workers that "all possible" official, ministerial and diplomatic force will be exercised to ensure the steel industry's long-term and stable future.

    The UK government also said that the Business Secretary would be meeting workers in Port Talbot.

  • 5 Apr 2016

    Liberty Steels in talks to buyout Tata Steel

    Liberty Steels in talks to buyout Tata Steel
  • Liberty Steel has shown interest in buying Tata Steel's strip business in the UK announced its boss Sanjeev Gupta.

    Gupta met Business Secretary Sajid Javid and said Liberty was waiting for the "sales process" to begin.

    The announcement came after Javid's scheduled meeting with Tata Group chairman Cyrus Mistry where the latter gave an "update on the sales process of Tata Steel's UK operations."

  • 10 May 2016

    7 bidders for Tata Steel UK

    7 bidders for Tata Steel UK
    Credits:
  • Officials from Tata Steel have confirmed that seven bidders have expressed interest in buying the company's UK operations.

    It said all the bidders were interested in the whole of the loss-making business, and it was not considering offers for parts of it.

    Group executive director of Tata Steel, Koushik Chatterjee said "We believe that the bids being taken forward offer future prospects of sustainability."

  • 29 May 2016

    Tata, Greybull agree on £400 million deal

    Tata, Greybull agree on £400 million deal
    Credits:
  • Tata Steel UK will finally sell part of its British business to Greybull Capital next week.

    Greybull has agreed to buy the European long-products division for £400 million, which employs 3,000 people in Scunthorpe.

    Several other plants employing a further 1,800 people will be included in the deal.

    Sources have revelaed that after the deal, the business will be re-branded as British Steel.

  • 07 Jul 2016

    Tata steel to hold sale of Talbot Port plant

    Tata steel to hold sale of Talbot Port plant
  • Sources stated that Tata Steel was putting on hold its sale of the Talbot Port steel plant.

    However, it would continue with the sale of its steel manufacturing segment under deals that were already signed.

    the UK government has stated that it had plans to nationalise the Talbot Port plant, in an effort to alleviate concerns of plant workers, who could lose their jobs.

Latest News
  • COVID-19 vaccination drive gives people something to smile about
    COVID-19 vaccination drive gives people something to smile about
    India
  • China approves sale of traditional medicine products to treat COVID-19
    China approves sale of traditional medicine products to treat COVID-19
    World
  • James Anderson gets to 900 international wickets
    James Anderson gets to 900 international wickets
    Sports
  • Australia beat New Zealand in 4th T20I: Records broken
    Australia beat New Zealand in 4th T20I: Records broken
    Sports
  • Biden to attend first meeting of Quad leaders this month
    Biden to attend first meeting of Quad leaders this month
    World
Trending Topics
Bharti Airtel Mukesh Ambani WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Virat Kohli Rohit Sharma
Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman Football News
BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Taj Mahal Mercedes
Friends Series Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Marvel Comics Avengers Neha Kakkar Premier League
Big Bang Theory Liverpool Chelsea X-Men
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021