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Tata Steel UK not Willing to Split up Assets to Secure Sale, CEO Says

Published: 28th April 2016 03:51 PM  |   Last Updated: 28th April 2016 03:51 PM   |  A+A-

LONDON: Tata Steel is not prepared to split up its main British assets, such as its Port Talbot steel plant, as part of a plan to divest its UK steelmaking operations, UK CEO Bimlendra Jha told a committee of lawmakers on Thursday.

"We would not deal with ... somebody saying leave alone Port Talbot and give us the rest - that is not a solution that's acceptable," said Jha. He added that the company might consider selling off small independent assets individually.

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