China’s Jingye reaches provisional deal to buy British Steel
The company has been in receivership since May
11 November 2019 - 20:16
Beijing/London — China's Jingye Group said on Monday it had reached a provisional deal to buy British Steel and promised to invest £1.2bn (about R23bn) over the next decade and possibly save thousands of jobs.
An agreement is of political significance as Britain prepares to elect a new government on December 12. The lack of opportunities in northern England, where British Steel is based, is an election issue, as the social gap between north and south widens...
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