May 19, 2020

China's Jingye Group completes buyout of British Steel

Bizclik Editor

Read the full article: Steelmaker Jingye Group has completed its buyout of British Steel, reviving a business that was placed into compulsory liquidation last May. A statement from Jingye said it had completed the acquisition of British Steel’s UK and Dutch assets from the official receiver and confirmed it planned to invest £1.2bn ($1.6bn) in the company.

Share article