Liberty Steel owner Sanjeev Gupta has already expressed an interest in buying at least a part of the UK steel network from Tata. But he has warned that he must be sure of its sustainability before making the potentially enormous financial commitment.
He told the Sunday Telegraph that when it comes to investing in UK steel, “I would like to do it, but I am not married to it”.
Other potential investors include London-based VC firm Greybull Capital, which is in advanced talks with Tata over acquiring the Scunthorpe plant, and German advanced engineering group Thyssenkrupp.
Following talks with the Tata Steel leadership last Wednesday (6 April), business minister Sajid Javid said the government would “do all it can to secure a serious buyer”. He added that there is to be “no set time frame”.
“Tata Steel will allow a reasonable period to find a buyer,” he said on Twitter.
