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UK government will not take more than 25% stake in Tata Steel assets: Sajid Javid

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British Business Secretary Sajid Javid said on Thursday the government was not prepared to take more than a 25% equity stake in Tata Steel’s UK assets and he wanted to see them sold as soon as possible.

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“Twenty five percent was the limit that I thought was necessary to show that on the one hand you’re serious about helping … but also not to put off potential investors by saying this is something the government seeks to control,” he told a committee of lawmakers.

Reuters

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