According to media reports, Indian steelmaker Tata Steel may split its European units into two separate units, British and Dutch, in order to get €565 million financial support from the British government for the British steel mill Port Talbot.
Tata Steel appealed to the British government for financial support at the end of April. The company’s plan regarding the separation of the European units is also due to Brexit, the coronavirus pandemic, as well as the decision of the Indian parent company to no longer help its European parts.
The merger between the British and Dutch metallurgical plants started twenty years ago.