• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Tata Steel sells Southern Steel stake

  • A
  • A
  • A
The world seventh biggest steel manufacturer, Tata steel company, said that the subsidiary company Dazhong Iron company in Singapore has sold about 27 percent stake in Malaysian firm Southern Steel Berhad for US$72 million.

"Tata Steel announces its subsidiary NatSteel Holdings Pte has sold of 27.03 percent in Southern Steel Berhad at a total consideration of around US$72 million," the company said.

The company said in a statement that the transaction is subject to the approval of the authorities such as the Malaysian stock exchange.
News Date 19 Jul 2010 13:28:47 reported by Allen

Taiwan’s CSC post 614% jump in H1 pre-tax income...
Finance and economy
21 Feb 2017 10:05
Bluescope Steel announces its profits rise signifi...
Finance and economy
20 Feb 2017 11:12
ArcelorMittal’s South American company to improve ...
Finance and economy
17 Feb 2017 12:04
Hyundai Steel announces its 2016 net profits up ...
Finance and economy
15 Feb 2017 11:57
Chinese steel exports hit a record low in Jan 2017...
Finance and economy
13 Feb 2017 14:42
Most Popular