An agreed offer to purchase British Steel should come as welcome news after the business failed to secure a £30m rescue package from the government earlier this year.
The UK steel industry employs 32,000 people – image courtesy of Depositphotos. The bid was made by Ataer Holding, the investment arm of OYAK – Turkey’s largest professional pension fund, including the Turkish armed forces. Its industrial holdings include co-owning automotive brand Oyak-Renault, and Turkish steel producer, Erdemir. According to a statement…
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