Greybull Capital to buy Tata Steel's UK plant
UK-based investment firm Greybull Capital on Monday confirmed the acquisition of Tata Steel's Long Products Europe business including the struggling Scunthorpe plant in UK for a "nominal" amount. Reportedly, this deal is different from UK government's to save Tata Steel's Port Talbot plant. The acquisition will be supported by a £400 million package to turn around the plant, Greybull added.