European steel leaders seek scrutiny of Chinese British Steel bid
Wednesday, 13 November 2019 European steel lobby Eurofer plans to raise concerns over Chinese group Jingye's proposed purchase of British Steel with the European Commission, saying the deal may flout rules on fair competition.
A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled Scunthorpe plant and potentially saving 4,000 jobs, it has been reported. After talks with a prospective Turkish buyer collapsed, the Jingye Group has become the leading contender to buy...
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