trending Market Intelligence /marketintelligence/en/news-insights/trending/ZFdV5TfV4DIOZpcqwa0dcg2 content esgSubNav
In This List

Lacking Chinese approval, Tata Steel's US$327M sale to HBIS falls through

Blog

European Energy Insights - May 2021

Blog

Metals & Mining Insights May 2021

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Lacking Chinese approval, Tata Steel's US$327M sale to HBIS falls through

Tata Steel Ltd. said Aug. 6 that a US$327 million sale of two units to China's HBIS Group Co. Ltd. fell through after the deal was not approved by the Hebei province government.

T S Global Holdings Pte. Ltd. agreed to sell a 100% stake in NatSteel Holdings Pte. Ltd. and a 67.9% stake in Tata Steel (Thailand) PCL to HBIS in January.

Tata Steel plans to immediately start discussions with other parties to find a partner for its Southeast Asian business.