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.