Tata Steel Ltd (TISC.NS)
23 Feb 2017
Wed, Feb 15 2017
* Tata's plan to spin off entire pension still faces hurdles (Adds details, quotes)
LONDON, Feb 15 Tata Steel's British workers voted on Wednesday to accept pension benefit cuts in return for safeguards on jobs and investment, although the Indian-owned firm's plan to spin off its entire pension scheme still faces regulatory hurdles.
* Graphic: Tata Steel share price rise http://reut.rs/2kqSCgg
LONDON Investors expecting a deal this year in Tata Steel's talks to merge its European assets with Germany's Thyssenkrupp risk disappointment, given complications associated with the Indian-owned firm's British pension scheme.
MUMBAI/LONDON, Feb 9 Tata Steel UK has signed a 100 million pound ($126 million) deal to sell its speciality steel business to Liberty House Group, as the firm's Indian owner Tata Steel Ltd presses on with restructuring its European operations.
MUMBAI, Feb 9 India's Tata Steel Ltd said on Thursday its British arm has signed a definitive agreement to sell its speciality steel business to Liberty House Group for 100 million pounds ($125.55 million).
Feb 8 Indian shares oscillated in and out of positive terrain on Wednesday amid tepid investor sentiment ahead of the central bank's monetary policy decision later in the day.
BOCHUM, Germany Thyssenkrupp is committed to pursuing a European merger with Tata Steel as it still sees progress in Tata's efforts to free itself of a large UK pension deficit, Thyssenkrupp's chief executive said on Friday.
* Pension scheme's future crucial to merger with Thyssenkrupp (Adds details)
BERLIN India's Tata Steel must first resolve the pension deficit at its British and Dutch operations, before any merger of its steel operations with Thyssenkrupp , the German company's chief executive told a German newspaper.