Tata Steel Ltd.

Tata Steel’s UK operation - Tata Steel UK has completed the sale of its Long Products Europe business to Greybull Capital LLP. The sale follows an accelerated process of negotiations between Tata Steel UK and Greybull Capital to achieve this outcome.

During the last twelve months, the Long Products Europe business has implemented a transformation plan including a portfolio restructuring of assets, underpinned by committed support from employees and their trade unions. This has focused the business on higher-value markets supported by a more competitive cost base.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.