Sweden's SSAB exits Tata Steel Netherlands deal talk

  • Reuters
  • Stock Market News
Sweden's SSAB exits Tata Steel Netherlands deal talk
Credit: © Reuters.

STOCKHOLM, Jan 29 (Reuters) - Swedish steelmaker SSAB SSABa.ST said on Friday it had concluded talks concerning a potential acquisition of Tata Steel (NS: TISC )'s IJmuiden steel mill and related downstream assets, and decided not to move forward.

"After deeper analysis and discussions, it became clear that there were limited possibilities to integrate IJmuiden into the SSAB strategic framework," SSAB said in a statement.

"Discussions with Tata Steel have therefore concluded."

SSAB said in November it was in talks to buy Tata Steel's Dutch assets.

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