Chess grandmasters can heave a sigh of relief as Tata Steel Ltd's decision to sell off its steel business in the UK will not impact the famous and prestigious Tata Steel Chess Tournament, said an official.
"The decision regarding the UK divisions will not have any impact on the Tata Steel Chess Tournament. Tata Steel will continue to support the Tata Steel Chess Tournament," Robert Moens spokesman -- communications and public affairs, Tata Steel in the Netherlands told IANS.
Next January will see a new edition (the 79th) of this prestigious tournament, from 13 to 29 January 2017.
"The Tata Steel Chess tournament is a very prestigious tournament attracting top players around the world. The tournament has a long history and any new buyer of Tata Steel's European operations will continue the tradition of hosting the event," Bharat Singh Chauhan, CEO, All India Chess Federation (AICF), told IANS.
He said former world champion Viswanathan Anand is an illustrious winner of the Tata Steel Chess tournament.
Tata Steel held the event after it acquired Corus Steel.
On Wednesday, Tata Steel Ltd announced its decision to sell off its steel operations in the UK.
Tata Steel also reviewed its European operations and had said the trading conditions in Europe have deteriorated.
