Britain says could take 25-pct equity stake in Tata Steel UK assets

LONDON, April 21 Britain aforesaid on Thursday it
could takings an fairness stakes of capable 25 percentage in Tata's
UK brand assets or allow hundreds of millions of
pounds deserving of debt funding to assistance backup a possible
emptor. "If we were to payoff an fairness post it would be a nonage
one with the aim of support the buyer in delivering farsighted
terminus next for the clientele, we are surely not quest to be
controlling the fellowship," a spokeswoman for Premier David
Cameron aforementioned.

Britain could contract a gage of capable 25 percentage in the
assets, the Job Ministry aforesaid in a affirmation but added that
the authorities would yield no ascendance complete the clientele.

The authorities aforementioned it was running with the pension strategy
trustees of Tata Brand and British Brand to downplay any pension
elf on the buyer.

"The UK Governance is actively running with Tata Blade and
the British Nerve Pension Dodge's Trustees to uncovering a answer
that testament assistance minimize its brownie on a likely vendee, and
potentially reprint it from the occupation," the ministry aforementioned.

(Coverage by Kiley MacLellan and Costas Pitas, redaction by Guy
Faulconbridge)