Highlights :
- UK government may inject nearly £900 million and pick up an equity stake in Tata Steel UK
- In return, Tata Steel could give equity stake of upto 50%
- The move is linked to sustain Tata Steel's operations in the UK
Tata Steel's ongoing talks with the UK government to secure the future of its biggest steel works at Port Talbot include a proposal for the government to inject nearly £900 million and picking up a equity stake in the Tata Steel UK.
Tata Steel UK operations include an integrated steel plant at Port Talbot and some other product manufacturing sites including Shotton, Newport, Hartlepool.
In return Tata Steel could give equity stake of upto 50% to UK taxpayers amounting to a semi-nationalisation of Britain's largest Steelmaker.
The move is linked to participation by the UK government to sustain Tata Steel's operations in the UK in the wake of the covid-19 pandemic.
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