Scunthorpe steel works sold to investment firm overnight

The sale of Tata Steel's Scunthorpe plant to an investment company has been completed overnight.

Greybull Capital now owns Tata Steel's Scunthorpe plant and its Long Products Europe business - which includes a design consultancy in York.

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Tata Steel Scunthorpe plant sold to Greybull Capital

Thousands of jobs have been saved at Tata Steel in Scunthorpe after its sale went through overnight. The plant was under threat of closure if owners Tata steel could not find a buyer. Investment firm Greybull Capital agreed in principal to buy the steel giant's long products division last month. The deal has now been confirmed.

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