China's Jingye Group agrees to buy British Steel, UK government confirms
Published: Tuesday, 12 November 2019
The Chinese semi-finished, long and flat steel producer has agreed to acquire the British company after the UK government's Official Receiver said it prepared to start talks with other parties.
By Ross Yeo, Serife Durmus
Chinese steelmaker Hebei Jingye Group has agreed to acquire
British Steel, including its Scunthorpe steelworks and other
assets, the UK government's Official Receiver and the company's
administrator, EY, said on Monday November 11.
The sale will also include British Steel's shares in TSP