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Tata Steel’s NatSteel to Sell Stake in in NatSteel Vina Co Ltd
Release time：Nov 06, 2019 From：admin
Tata Steel announced that its subsidiary NatSteel Holdings Pte has executed definitive agreements with a Vietnam based company Thai Hung Trading Joint Stock Company to divest its entire 56.5% equity stake in NatSteel Vina Co Ltd for SGD 7 million (INR 36 crores).
Established in 1993, NatSteel Vina is a joint venture between NatSteel Holdings Pte Ltd and VN Steel. NSV operates a hot rolling mill with a capacity of 200,000 tonnes per annum in Thai Nguyen, a traditional hub of steel industries. NSV has since supplied a full range of premium quality wire rods, DBIC and reinforcement bars to the construction industry
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