M&A

Tata Steel revives plan to sell Thai unit

Economic Times  

Tata Steel has revived plans to sell its Thailand business as the company looks to exit less profitable overseas units in the ongoing supercycle. The proposed sale, coming on the heels of the steel maker's move to offload its Singapore business, NatSteel Holdings, will aid the company cut its debt further. Bangkok-listed Tata Steel Thailand has a market value of over USD 410 million.

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