06
Oct
07:30
Tata reduces stake in Oman’s Al Rimal Mining
Tata Steel, through wholly-owned subsidiary T S Global Holdings Pte, has concluded the divestment of a 19% stake in Oman-based AI Rimal Mining to Oman National Investments Development Company (Tanmia). Post-divestment, Tata’s shareholding in Al Rimal has been reduced from 70% to 51%, Kallanish notes.
Tata Steel did not disclose the transaction value of the deal.
Tata Steel began the divestment process in 2019 and signed a definitive agreement to induct Tanm…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous