Update May 26, 2016

Dhaka 8-18 pm, 28-September, 2021

Tata Steel still considering bids for UK plants

Sumel Sarker

Tata Steel

Tata Steel still considering bids for UK plants

26 May 2015, Nirapad News: Tata Steel is still in the process of considering bids for its UK operations. A shortlist of bidders had been expected following a Tata board meeting on Wednesday.

But finance director Koushik Chatterjee said bids were still under “active consideration”.

Business Secretary Sajid Javid and Welsh First Minister Carwyn Jones travelled to Mumbai to meet Tata executives.

Chatterjee said, “We are in the process of evaluating the offers and bids that have come up. We are in the confidential phase of this process so you have to give time to the company to evaluate the bids.” The deadline for potential buyers to make formal bids closed on Monday.

Tata declined to say how many actual bids it received.

Earlier in May, it said there had been seven expressions of interest in the business, which also has sites at Newport and Rotherham.

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