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Last Updated : May 18, 2016 08:12 AM IST | Source: CNBC-TV18

3 bidders for Tata Steel's UK biz to be shortlisted in June:Srcs

All bidders have been individually assured that they won't be taking on the pending liability burden of Tata Steel's UK assets, reports CNBC-TV18's Kritika Saxena, quoting sources.


Tata Steel has met with all the seven bidders looking to buy its bleeding UK assets, reports CNBC-TV18's Kritika Saxena, quoting sources.

It is further learnt that out of these seven, three bidders will be shortlisted before the first week of June.


All bidders have been individually assured that they won't be taking on the pending liability burden of Tata Steel's UK assets.

The bidders will be meeting the UK government this week. 


Bidders want the pending pension liability to be borne by the UK government and Tata Steel.

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The bidders include JSW Steel, China's Hebei Iron & Steel, US' Nucor, Liberty House, Excalibur, PE Players Greybull Cap & Leeds Based PE company Endless. 

First Published on May 17, 2016 12:38 pm
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