Tata Steel employs 30,500 people across Europe, including 17,500 in the UK.
The company announced on Wednesday that it signed a Memorandum of Understanding with Geneva based Klesch Group to undertake detailed due diligence and negotiations for the potential sale of its Long Products Europe business and associated distribution activities.
The memorandum covers several UK-based assets including Tata Steel's Scunthorpe steelworks, mills in Teesside, Dalzell and Clydebridge in Scotland, an engineering workshop in Workington, a rail consultancy in York, as well as other operations in France and Germany.
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