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Tata Steel postpones decision on UK steel operations

Friday, 10 June 2016 16:49:23 (GMT+3)   |   Istanbul
       
India-headquartered steel giant Tata Steel Group has pushed back its final decision on the future of its UK steel operations to July, while it is expected to unveil a shortlist of bidders for its UK assets today, June 10, according to the Financial Times. 

Tata Steel had planned to choose the preferred bidder by its monthly board meeting on June 24, the day after the referendum in the UK on EU membership.

In May, Tata Steel Europe announced that seven expressions of interest submitted for the remaining assets of Tata Steel’s UK business were immediately taken forward to the next stage of the sale process. 

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