Tata Steel offloads stake in NatSteel for $172 million to Singapore trader Toptip
#1

Kang Wan Chern
PUBLISHEDSEP 30, 2021, 10:13 PM SGT



SINGAPORE - TS Global Holdings, a subsidiary of India-listed Tata Steel, has divested a 100 per cent stake in its Singapore-based unit NatSteel Holdings for $172 million, the company said on Thursday (Sept 30).

The buyer, Toptip Holding, is a Singapore trader of iron ore, steel and steel products with an annual turnover of more than US$1 billion (S$1.36 billion) and strong relations with Chinese steel mills, it added.



https://www.straitstimes.com/business/co...72-million
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