Tata Steel Europe sells Cogent Power to JFE Shoji Trade Corp

Tata Steel Europe signed a sales and purchase agreement to sell its subsidiary Cogent Power Inc (CPI) to Japan's JFE Shoji Trade Corporation. CPI manufactures cores for electrical distribution transformers and employs nearly 300 people. Financial details were not disclosed.

“Tata Steel has signed a sales and purchase agreement (SPA) for Cogent Power Inc (CPI), with Japanese steel giant JFE Shoji Trade Corporation.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comTata Steel Europe to sell Cogent Power to Japan's JFE Shoji Trade Corp - The Times of IndiaPTISep 2, 2019

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