China's Jingye Group agrees to buy British Steel, UK government confirms

By IM Staff
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...

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