British Steel’s steelmaking plant in Scunthorpe (Image: British Steel)
The Official Receiver has confirmed reports that Chinese industrial group Jingye plans to buy British Steel out of liquidation.
Jingye Steel (UK) and Jingye Steel (UK) Holding have entered into a sales contract for the British Steel business and assets, as well as the steelworks at Scunthorpe and its UK mills.
The sale also includes the shares owned by BSL in Redcar Bulk Terminal.
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