Seven applicants for British Tata Steel designated

Tata Steel's board announced that a number of companies have expressed interest in acquiring the British company. For further discussion, seven of them were selected, which are ready for the adoption of the entire concern in this country.

Tata Steel Europe plans to sell its entire business in the UK and only those companies that are interested in doing so have been selected. Sales requests for some segments or individual plants were not taken into account, at least at this stage.

The proposals received have received a preliminary assessment, which takes into account the opinion of the British government on this issue.

“We believe the decision to consider further ensuring a sustainable perspective for business in the UK as a whole is the right one. The sales process will continue at an accelerated and dynamic pace while providing greater transparency to all stakeholders such as employees, customers and suppliers, ”said Koushik Chatterjee, Chief Financial Officer of Tata Steel.

He clarified that in the next phase of the sales process, stakeholders will have access to further business information, and the presentations prepared by the management team should ensure prompt negotiations.