Potential buyer to save jobs at Tata's UK steel works

London

AN Indian tycoon who could step in to buy some of Tata Steel's assets in Britain said on Monday he hoped to avoid mass redundancies if the deal went through, as the government scrambled to find a new owner.

Sanjeev Gupta, the boss of steel and metals company Liberty House, was arriving in Britain late on Monday for talks and told the BBC that he had held "very encouraging" discussions with the government.