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British Steel set to be bought by Turkish army's pension fund

Independent Friday, 16 August 2019 ()
The official receiver for British Steel has picked Turkey's military pension fund as a preferred buyer for the company, it has announced.
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News video: Turkish military fund reaches deal to buy British Steel

Turkish military fund reaches deal to buy British Steel 01:06

Turkey&apos;s military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of this year, potentially saving thousands of jobs. David Pollard reports.

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Recent related news from verified sources

British Steel in exclusive talks with Turkish pension fund to save 5,000 jobs

British Steel in exclusive talks with Turkish pension fund to save 5,000 jobs
The investment division of Turkey’s armed forces pension fund is the preferred bidder for British Steel, the Government’s Insolvency Service has revealed....
WorldNews

Turkish company Ataer Holding signs preliminary agreement to buy British Steel

Turkish company Ataer Holding signs preliminary agreement to buy British Steel
The Turkish military pension fund has entered into exclusive talks over the takeover of Scunthorpe-based British Steel
Grimsby Telegraph Also reported by •Reuters IndiaBBC NewsWorldNewsFT.comRIA Nov.

British Steel could yet stay British as three remain in contention for preferred bidder status

British Steel could yet stay British as three remain in contention for preferred bidder status
Turkish firm Ataer Holdings faces competition to become the preferred bidder for Scunthorpe-based British Steel
Grimsby Telegraph


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