Page 41 - Tata Steel

Thyssenkrupp, Tata close to steel merger

Thyssenkrupp and Tata Steel could sign a memorandum of understanding on merging their European steel businesses within weeks

Tata Steel in talks with UK govt to keep Britain ops

This could be the steel major's way of abdicating its responsibility for British Pension Scheme, says UK's biggest trade union

Tata Steel close to deal to keep UK business: Reports

However, it is not clear whether Tata will take up the UK government's offer of taking a 25% stake in the business

Huge blaze at Tata Steel plant in UK, no injuries

People living in the area were advised to keep their doors and windows closed due to the amount of smoke in the area

'We won't let them wreck our plant,' says Tata's Dutch steelworkers

At Port Talbot, 4,000 workers are uniting behind symbol of Wales, the red dragon on principality's flag

Tata Steel might hold on to UK steelworks

British PM said to be keen on averting collapse of country's steel industry

UK plans unique pension deal for Tata Steel UK

In total the British Steel pension scheme has 130,000 members and it has a deficit of 485 million pounds

Street still cautious on Tata Steel

While the company is looking at selling assets in Europe, the street is watchful on valuations of the deal

Britain plans steel pensions overhaul to ease sale of Tata assets

The main opposition Labour party sought assurances that it would not herald wider pension reforms

Tata Steel UK getting encouraging offers: PM David Cameron

Statement come in the light of workers marching past Downing Street to put pressure on government to get a deal

Tata Steel's Q4 loss at Rs 3,214 cr

Company says no bidders short-listed for UK asset and evaluations still on

Tata Steel Q4 net loss narrows to Rs 3,214 crore

Net sales during the fourth fiscal quarter fell 12.5% to Rs 29,160 crore

Encouraging bids for Tata Steel but no guarantees: David Cameron

British steel producers are staging a march in central London to call for a stronger govt strategy to support the steel industry

Bids for Tata UK 'encouraging': David Cameron

The British PM also said that there were no guarantees of a successful conclusion

On Tata Steel board meeting eve, UK biz secy meets Mistry

With intense speculation on which of the seven bidders will make the cut to acquire Tata Steel's loss-making assets in Britain, UK business secretary Sajid Javid met Tata Sons chairman Cyrus Mistry Mumbai on Tuesday. The meeting, which is the second in as many months, was held at the conglomerate's global headquarters Bombay House here. The meeting assumes importance as it comes on the eve of Tata Steel's board meeting tomorrow, wherein an announcement is expected, sources told PTI. "Met Tata in Mumbai today to discuss #steel sales process. Several credible bidders in play. Determined to keep momentum & find right buyer," Javid tweeted.Javid had first visited Mumbai on April 6 and met the Tata brass to find a solution to save jobs at British operations of the Tatas and had hinted that the government was open to equity participation. The main plant at Port Talbot employs over 4,000 directly and many more indirectly. Monday was the deadline for interested parties to put in their bids

Buyout group to back rival's bid for Tata's UK steel assets

Excalibur Steel, Liberty House said to be in talks for collaboration in a bid to buy out Tata Steel's UK business

Bid rivals set to join forces for Tata Steel UK buyout: Report

Excalibur, led by former chief of Tata Steel's Port Talbot plant Stuart Wilkie, is considering backing Liberty House

Tata Metaliks-Tata Metaliks DI Pipes merger plan called off

Tata Steel today said the merger scheme was not effective because the petition filed by Tata Metaliks in the Calcutta HC for approval was pending

Interest and acquisition

Though the country's largest steel producer, Tata Steel, has received seven expressions of interest for its loss-making UK plant, industry officials say most of the bidders are not serious contenders, but those who would like to use the opportunity to find out how Tata Steel financed the plant. When a bidder expresses interest and carries out due diligence, it gets the rare chance to study the way the existing owner has funded the operation. This can offer valuable lessons for a potential buyer. JSW Steel, which has been on an acquisition spree for sometime now, is on the list of potential buyers.

Can Sajjan Jindal digest Tata Steel UK assets?

The acquisition, if it happens, could stretch JSW Steel's balance sheet; but Jindal has overcome serious challenges in the past, so reputation is on his side