Tata Steel says seven firms in frame to bid for rest of UK operations

Indian conglomerate adds that it is only considering offers for entire business after rejecting those looking to cherrypick

Seven firms are weighing up bids for Tata Steel’s entire UK business, the company has revealed, raising hopes of a rescue deal that could save up to 12,000 jobs.

Indian conglomerate Tata has been seeking a buyer since it said in March that a turnaround plan for its Port Talbot steelworks was “unaffordable”.

Related: Tata Steel bid team says deal involves 1,000 more job losses

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