Tata Steel may demerge UK, Dutch units
The Economic Times - Tata Steel units in the UK and Netherlands may be on the verge of breaking apart, some 20 years after British Steel merged with Dutch steel major Hoogovens to form Corus, recent reports have said.
With the British arm of the company reportedly seeking state support of £500 million, or about Rs 4,700 crore, “a breakup would appear to be inevitable to make sure British taxpayers’ money does not end up in the Netherlands”, a recent Dutch media report said.
Tata Steel officials hinted that the company is not considering such a move. "There is nothing to comment," said a top company official who requested not to be named.