Tata Steel calls off $327-million asset sale deal with China’s HBIS

摘要

Tata Steel subsidiary TS Global Holdings’ bid to sell-off its struggling overseas subsidiaries Tata Steel (Thailand) Public Company and NatSteel Holdings Pte has hit a roadblock due to delay in getting regulatory approvals. On Tuesday, TS Global Holdings said it had terminated the definitive agreement signed with HBIS Group Co to divest its equity stake in Tata Steel (Thailand) Public Company and NatSteel Holdings Pte for $327 million.