Corus signs MoU with Thailand's SSI for sale of Teesside

Corus has signed a Memorandum of Understanding (MoU) to sell its Teesside Cast Products steelmaking facility in the UK to Thailand’s Sahaviriya Steel Industries (SSI) for approximately $500 million.

The assets included in the MoU include the Redcar and South Bank coke ovens, TCP’s power generation facilities and sinter plant, the Redcar blast furnace and the Lackenby steelmaking facilities....

Published

Samantha Hodge

August 27, 2010

11:50 GMT

London