Excalibur Steel is "working alone and is not currently contemplating acting in conjunction with any third party" in its bid to buy Tata Steel's UK assets, ITV News has learned.
On Sunday it was reported that Liberty House and Excalibur Steel UK could be considering working together to buy the Tata Steel UK operation, before Excalibur's Chairman said this was "completely untrue".
The company has now said it will not be working with any other firm.
Excalibur Steel UK Ltd was created as an entity to manage the financing of an employee and management led buy-out of Tata Steel UK Ltd.
Recent media speculation has suggested that Excalibur is not pursuing this objective independently. This is incorrect.
Excalibur is working alone and is not currently contemplating acting in conjunction with any third party.
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