Jingye Steel completes acquisition of British Steel assets

Jingye Steel acquired the business and assets of British Steel from the Official Receiver, including the Scunthorpe steelworks and UK mills, saving approximately 3,200 jobs, with a pledge to invest £1.2 billion over 10 years.

“The sale of British Steel is the culmination of nine months of work to transition this business to a new owner committed to its future.”accountancydaily.co

• 1 source
• accountancydaily.coEY completes British Steel sale to Jingye | Business & Accountancy DailyPat SweetMar 10, 2020

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