Monday 23 May 2016

Tata Steel UK bids expected ahead of Mumbai talks

Potential buyers include Liberty House, the metals group headed by Sanjeev Gupta, and Excalibur Steel UK, a management buyout team

Potential buyers of Tata Steel UK are due to submit firm bids as the business secretary, Sajid Javid, prepares to travel to Mumbai for talks with the business’s Indian owners.

Up to seven possible buyers have been working on proposals to buy Britain’s biggest steelmaker, which employs about 12,000 people and includes the blast furnace at Port Talbot in south Wales.

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