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Britain Says Tata Deal With Greybull is 'A Step in Right Direction'

Sajid Javid said Greybull Capital\'s decision to buy Tata\'s Scunthorpe plant was a step in the right direction.

Published: 11th April 2016 05:30 PM  |   Last Updated: 11th April 2016 05:30 PM   |  A+A-

LONDON: British Business Secretary Sajid Javid said Greybull Capital's decision to buy Tata's Scunthorpe plant was a step in the right direction.

"Today’s announcement is a step in the right direction for the long-term future of British steel manufacturing in Scunthorpe," Javid said in a statement.

"This agreement sends positive signals to any potential investor for the rest of Tata’s UK business," he added.

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