Tata Steel’s intent to offload Dutch operations runs into a hurdle
Mon, Jan 25, 2021 8:35 AM

Tata Steel’s intent to offload Dutch operations runs into a hurdle

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Tata Steel Ltd’s scheme to sell its Netherlands operations to Swedish steelmaker SSAB AB may hit a roadblock as two large SSAB shareholders have expressed reservations about the deal. SSAB has told Tata Steel that it may not be able to close the deal within the six-month internal deadline agreed to in November. Concerns around carbon footprint for Swedish steelmaker SSAB may stall the deal.

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