NEWSBREAK: Hebei Iron & Steel bolsters SE Asia footprint with purchase of Tata Steel operations

China’s Hebei Iron & Steel will acquire Tata Steel’s operations in Southeast Asia, increasing its footprint in Southeast Asia.

Tata Steel subsidiary T S Global Holdings (TSGH) entered an agreement with a HBIS Group Co-controlled entity to divest its entire equity stake in NatSteel Holdings and 67.9% of Tata Steel (Thailand), according to a statement filed to the Bombay Stock Exchange on Monday January 28. HBIS will control 70% of the...

Published

Paul Lim

January 28, 2019

10:00 GMT

Singapore