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Tata Steel UK not willing to split up assets to secure sale: CEO

Published 04/28/2016, 05:14 AM
Updated 04/28/2016, 05:20 AM
© Reuters. Tata steelworks Port Talbot, Wales,

LONDON (Reuters) - 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.

© Reuters. Tata steelworks Port Talbot, Wales,

"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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