Thursday 23 January 2020
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theguardian - 1 month ago

British Steel bid still on, insists Chinese firm Jingye

Jitters in Whitehall grow over any further delay with government spending £1m a day to keep business aliveThe Chinese firm poised to buy British Steel has denied the deal is in danger of collapse, amid concern that any further delay in the already lengthy sale process will make the business less attractive to alternative buyers.Jingye, an industrial giant founded by a former Communist party official, agreed to buy British Steel in early November after an earlier round of talks with the pension fund of the Turkish military broke down. Continue reading...


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