Please update once sold / removed from sale / not wanted .
The sale of British Steel to Chinese firm Jingye could be scuppered by French intervention. Jingye agreed in November to buy the collapsed business for £50m and save about 4,000 jobs. The sale of British Steel is set for further delay, with workers told it will take 'a number of weeks' to nail down a buyer. British Steel Sale Announcement.
Old "Wanted" and "For Sale" posts go in here. The sale of British Steel to Jingye is to be finalised next week, after the Chinese industrial firm sent contract offers to 3,200 staff and told 400 they were no longer needed. Please Do No Cross-Post. The Government's sale of British Steel could take another two months to complete, costing the taxpayers tens of millions of pounds, industry sources have warned.
688, 3277 Thu Jun 04, 2020 1:15 pm Archive. Awards and competitions Events News Home. 1107, 4631 Sun Jun 07, 2020 7:50 pm Wanted. After British Steel collapsed, the Government bankrolled the business while in insolvency through an indemnity, as keeping it running was seen as the best way of securing a sale. Read Only. The sale of British Steel to Chinese firm Jingye could be scuppered by French intervention. 0 Sun Feb … British Steel sale could be abandoned within months . Nationalisation is the last thing that would have helped British Steel Once the cradle of the industrial revolution, the UK is now a bit-part player in the global steel industry. 1030, 5238 Fri Jun 05, 2020 11:34 am Active topics. 0 Wed Nov 18, 2015 5:39 pm. Jingye agreed in November to buy the collapsed business for £50m and save about 4,000 jobs. Steel guitar items wanted. Britain is looking to complete the sale of British Steel to Ataer Holdings, an affiliate of Turkey's military pension fund OYAK, in the coming weeks, the Insolvency Service said on Friday.
Oyak’s subsidiary, Ataer Holding, will have two months to perform due diligence on British Steel, which collapsed into insolvency in May.A full sale is expected before the end of the year. “Today’s announcement is positive news for British Steel and its workers. Steel guitar related items for sale. No formal offers yet received by Scunthorpe plant owner after it fell into administration.
British Steel’s sale to Jingye is expected to complete next Monday, insiders say - finally ending uncertainty about the plant after it collapsed into insolvency in May last year. British Steel’s production facilities in Scunthorpe and elsewhere in the North East represent one third of the UK’s steel production and are a major strategic asset to our country; their loss would leave our manufacturing, construction and infrastructure capability in a considerably poorer state.
British Steel British Steel has been taken out of the hands of the Official Receiver, where it has been since May, and into those of the Jingye Group Sale of British Steel completes, safeguarding more than 3,200 jobs and marking start of new chapter for UK steel industry; leading Chinese Steelmaker Jingye Group will … For Sale.