Greybull Capital

Jingye has a tough task of reviving British Steel given its many problems but it may have a bigger target in sight

Asset-light Tata Steel eyes Europe's premier strip maker space

After selling off its long products business, Tata Steel Europe is now planning to become a premium strip player and concentrate on improving its performance, a senior company official said today.

7 bidders for Tata Steel's UK biz to submit binding bids today

Earlier this month, Tata Steel had shortlisted seven bidders including US‘ steel giant Newcore Steel, Greybull Capital, Excalibur Steel, Liberty House, JSW Steel and Hebei Iron & Steel. The company‘s board, which is excepted to meet on Wednesday, will further whittle down the shortlist to 2-3 bidders from the above.

Sale of long products biz won't lower Tata Steel's debt: S&P

The proposed sale of its European long products (LP) division to UK-based investment firm Greybull Capital will help Tata Steel's long-term deleveraging plan, S&P said in a statement.

UK deal helpful but sector snags may weigh on Tata Steel: Pros

While government initiatives like minimum import price and safeguard duty are aiding revival of the sector, Akash Gupta, Associate Director at Fitch Ratings, says he would keenly watch out for demand growth indicators and how companies handle competitive pressures to maintain their utilisation rates.

Sparks fly in UK Parliament as it debates Tata Steel pullout

Tata Steel Europe, the largest steel manufacturers in UK, in March had said that it is contemplating selling out entire operations from the country over recurring losses.

Greybull, Tata Steel ink investment deal for Scunthorpe units

As per the deal, Greybull Capital will invest about 400 million pounds into Tata Steel's plants in Scunthorpe.

Sale of Scunthorpe plant to cut losses for Tata Steel: Macquarie

The deal, if it goes through, will be an investment-based deal than an all cash payout deal, says Rakesh Arora of Macquarie Capital Securities.

Tata Steel to consider sale of entire UK business to stem losses

After a marathon board meeting in Mumbai, the steel giant said in a statement in the early hours of Wednesday that the financial performance of its UK arm had deteriorated substantially in recent months, after years of weak conditions.

Tata to decide fate of its two UK steel plants this week

The board of directors of the Indian multinational is expected to meet on March 29 in Mumbai to discuss whether to retain or sell the plants in Scunthorpe and Port Talbot in UK.

Indian-origin family firm eyes Tata Steel Scottish plants

Liberty House, headed by managing director Sanjeev Gupta, had recently acquired a number of units of another UK-based steel firm, Caparo Industries, owned by noted NRI industrialist Lord-Swraj Paul.

Tata Steel up 3% in talks to sell long products Europe biz

Tata Steel UK, an indirect subsidiary company of Tata Steel Europe signed letter of intent with Greybull Capital to enter exclusive negotiations for the potential sale of its Long Products Europe business.

In talks to sell UK unit to Greybull Capita: Tata Steel

Britain's largest steelmaker has been trying to sell its long products unit, which makes steel used in construction, since last year - with increasing urgency as a global steel crisis intensified and prices hit decade lows.