07
Aug
17:28
Dubai fund agrees to acquire Tata Thailand stake
Tata Steel has signed a memorandum of understanding to divest 70% of its shareholding in Tata Steel Thailand to Synergy Metals and Mining Fund. The Dubai-based metals and mining private equity fund will now carry out due diligence before definitive agreements are concluded.
The move follows the termination of Tata Steel’s definitive agreement to sell the 70% stake in its South-East Asia business to HBIS Group (see separate Kallanish article).
Once the s…
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