Liberty House to submit Tata steel bid

LIBERTY House is to submit a formal bid to buy Tata Steel’s UK operations.

Tata announced plans to sell the assets, including steel-making premises in Rotherham, in March.

A Liberty House spokesman said: “Liberty will submit a letter of intent to Tata Steel today and has put in place a strong internal transaction steering committee and panel of leading external advisers to take the bid forward.

“We hope to make a further short statement later today.”

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