Business News:Tata Steel UK Confirms Seven Possible Bidders


Tata Steel UK Confirms Seven Possible Bidders

Tata Steel has confirmed it is taking forward seven ‘expressions of interest’ over the sale of its remaining business in the UK.
Tata added that others who had expressed an interest had been thanked for their participation but told their plans were not currently being considered.
The statement said: “As previously announced, it is Tata Steel Europe’s primary intention to assess expressions of interest for the whole of Tata Steel’s UK business.
Tata Steel UK was put up for sale earlier this year after losses grew to £1m a day.
It left 11,000 jobs hanging in the balance – 4,000 of them at the sprawling Port Talbot works in south Wales.