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Tata in talks to sell stake in Ivory Coast iron ore project

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    Tata in talks to sell stake in Ivory Coast iron ore project

    Issue Time:2015-08-20

    A report by Bloomberg suggests that Tata Steel is in talks to sell its stake in an iron ore project in the West African country of Ivory 

    According to the Bloomberg report, Tata Steel wants to sell its 75% stake in a joint venture project with the state-owned Societe pour le Developpment Minier de la Cote d’Ivoire (Sodemi).

    Sodemi has  a 25% stake in the project. Tata has invested over US$50 million in the Ivory Coast, claims the Bloomberg report.

    Source: Bloomberg.

     

     

     

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