Jingye Steel agrees to acquire British Steel from liquidation

The Official Receiver and EY secured a deal to sell British Steel to Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd, subject to regulatory approval. The acquisition includes the Scunthorpe steelworks, UK mills, and shares in FN Steel BV, British Steel France Rail SAS, TSP Engineering, and Redcar Bulk Terminal Limited.

“The Official Receiver and administrators at EY have secured a deal to sell British Steel to Chinese steel giant, Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd, subject to regulatory approval.”accountancydaily.co

• 1 source
• accountancydaily.coEY negotiates British Steel sale to China's Jingye | Business & Accountancy DailyNov 14, 2019

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