# Jingye completes acquisition of British Steel

Jingye Group completed the acquisition of British Steel's UK and Netherlands assets from the Official Receiver, pledging £1.2 billion in investment.

- Type: Acquisition
- Announced: 2020-03-09
- Where: Scunthorpe, UK, United Kingdom
- Value: $1.56B (1.20B GBP)
- 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

- [britishsteel.co.uk](https://www.britishsteel.co.uk/jingye-completes-acquisition-of-british-steel/), 2020-03-09: "Jingye Group, a leading Chinese steelmaker, today heralded a successful future for British Steel after completing the acquisition of the company’s UK and Netherlands assets from the Official Receiver."

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