Jingye acquires British Steel assets

The Official Receiver announced that parts of British Steel's business and assets have been sold to Jingye, including the Scunthorpe steelworks, UK mills in Teesside and Skinningrove, FN Steel BV, and TSP Engineering. The sale secures approximately 3,200 jobs.

“The sale to Jingye includes the steelworks at Scunthorpe; UK mills in Teesside and Skinningrove; shares of FN Steel BV; and the TSP Engineering business based in Cumbria.”gov.uk

• 1 source
• gov.ukBritish Steel: Official Receiver’s update - GOV.UKThe Insolvency ServiceMay 22, 2019

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