‘Swedish SSAB offers $ 7 billion for Tata Steel IJmuiden’ |...

SSAB finds the acquisition “strategically appropriate,” an anonymous banker told Business Today. After due diligence, the factory in IJmuiden is valued at an amount between 7 and 8 billion dollars, he knows.

In mid-November it was announced that the Indian Tata Steel is negotiating with SSAB about the sale of the Dutch part to the Swedes. The UK branch of the steel company, which has been loss-making for years, is not part of the transaction. About 9,000 people work at Tata Steel IJmuiden. The company twice appealed to corona support from the government.

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