Finance

Tata Steel UK not willing to split up assets to secure sale: CEO

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Tata steelworks Port Talbot, Wales, April 26, 2016. REUTERS/Rebecca NadenThomson ReutersTata steelworks Port Talbot, Wales,

LONDON (Reuters) – Tata Steel is not prepared to split up its main British assets, such as its Port Talbot steel plant, as part of a plan to divest its UK steelmaking operations, UK CEO Bimlendra Jha told a committee of lawmakers on Thursday.

“We would not deal with … somebody saying leave alone Port Talbot and give us the rest – that is not a solution that’s acceptable,” said Jha. He added that the company might consider selling off small independent assets individually.

(Reporting by William James, editing by Elizabeth Piper)

Read the original article on Reuters. Copyright 2016. Follow Reuters on Twitter.

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