# 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.

- Type: Acquisition
- Announced: 2019-05-22
- Where: Scunthorpe, Teesside, Skinningrove, Cumbria, United Kingdom
- Jobs: 3,200
- Status: completed
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [British Steel](https://endata.com/companies/18188.md) (target)
- [Jingye](https://endata.com/companies/39521.md) (acquirer)

## Sources

- [gov.uk](https://www.gov.uk/government/news/british-steel-limited-in-liquidation-information-for-customers-employees-and-creditors), 2019-05-22: "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."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.