Two firms confirm bids to buy Tata Steel's UK assets
Liberty House and Excalibur Steel have confirmed they will put in formal bids to buy Tata Steel's UK assets.
Liberty House, a commodities trading firm headed by Sanjeev Gupta, was first to express an interest after the Indian conglomerate announced the shock decision to dispose of its loss making UK business, including the country's biggest steel plant at Port Talbot in south Wales. The other bidder, Excalibur Steel UK Limited, is a management buyout team.
