• 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

Voestalpine AG announces its net profit up by more...
Finance and economy
06 Dec 2016 11:46
Germany ThyssenKrupp announces its sales performan...
Finance and economy
06 Dec 2016 11:30
US economy better than forecast will push steel ma...
Finance and economy
25 Nov 2016 11:41
AK Steel Q3 revenues drop by 2.6% ...
Finance and economy
22 Nov 2016 12:04
USS announces its revenue turns to positive in Q3...
Finance and economy
21 Nov 2016 08:51
Most Popular