India's Tata Steel in talks to sell ailing UK unit to Greybull Capital

India's Tata Steel in talks to sell ailing UK unit to Greybull Capital

A general view shows the Tata Steel works in Scunthorpe, northern England, October 27, 2015. REUTERS/Andrew Yates/Files

Tata Steel is in talks to sell its struggling British-based unit to investment firm Greybull Capital, the two firms said in a statement on Tuesday.

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