International Steel Mills
July 7, 2016
Tata Steel to Pause UK Sale
Written by Sandy Williams
Tata Steel is expected to announce on Friday that it is halting the sales process for its UK assets, according to a report by the BBC. Shortly after the United Kingdom announced withdrawal from the European Union, four of the shortlisted bidders pulled out of the process citing uncertainty about the continuing viability of the Tata steel operations.
The halt is expected to be temporary with the sale continuing once the impact of Brexit is better understood.
