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12 May
10:35

Hegang may struggle to buy Tata UK

Speculative UK media reports have suggested that China’s Hebei Iron and Steel (Hegang) may be interested in acquiring Tata Steel’s remaining UK assets. The acquisition would be difficult however and it is not certain Hegang has the appetite for another foreign acquisition yet, sources close to Hegang in China tell Kallanish. Hegang has been pushing to internationalise its operations in recent years, starting with the acquisition of South Africa&rsquo…
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