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Tata Steel stock declines nearly 4% on sale of some European assets

Tuesday, September 3, 2019, 10:24 AM

Shares of Tata Steel declined nearly 4 percent in the early trade on September 3 after company announced sale of some of its European business. Tata Steel has signed a sales and purchase agreement for Cogent Power Inc (CPI), with Japanese steel giant JFE Shoji Trade Corporation, company said in BSE release. CPI manufactures cores for electrical distribution transformers and employs nearly 300 people.
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Andreas Goss named CEO of Thyssenkrupp Tata Steel

Monday, December 17, 2018, 8:47 PM

Andreas Goss will be the future chief executive officer of Tata Steel Europe's planned joint venture with European steel maker Thyssenkrupp, Tata Steel said in a press release today, announcing the senior management executives of the joint venture. He will also chair the management board of Thyssenkrupp Tata Steel BV, the joint venture. Goss is currently chief executive officer of Thyssenkrupp's steel division.
 
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Stressed assets: Tata Steel open to more acquisitions

Tuesday, November 6, 2018, 7:17 AM

Tata Steel said that it was open to further acquisition of stressed assets considering the increased demand of steel in the market. There is a consolidation going on in the steel business at present following a down cycle of the sector in the wake of which a lot of steel facilities were either forced to close down or operate at a lower capacity.

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