Endless revealed as seventh Tata bidder

PRIVATE equity firm Endless  is understood to be the seventh bidder for Tata Steel’s UK operations.

Earlier this week, Tata revealed that seven bidders are in the running to buy its UK operations, all of which are interested in the whole of the loss-making business.

Other interested parties are thought to include Sanjeev Gupta’s metals group Liberty House, the Excalibur management buyout led by Stuart Wilkie, the boss of Tata’s UK strip steel operations and Greybull Capital, a UK-based investment company, which recently acquired Tata’s Scunthorpe-based long products division.

Indian private steel producer JSW Steel, China’s Hebei Iron & Steel Group and US-based steel group Nucor are also said to be suitors, The Telegraph reported.

The sale includes Port Talbot, the UK’s largest steelworks, as well as sites at Newport and Rotherham.

Tata employs 11,000 people around the UK, with more than 4,000 of these at the Port Talbot steelworks.

In addition, its employs 2,172 at its operation in Yorkshire (Rotherham (1,235), Brinsworth (106) and Stocksbridge (831), plus 727 at Shotton in Flintshire, and 578 in Corby.

The Indian-owned group employs 450 people at its operation in Wednesfield, while it has a further 111 at bases in Wednesbury and Walsall, while there are a further 50 at an operation in Warwick.

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