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British Steel was sold to China’s Jingye Group

  • Thursday, November 14, 2019
  • Source:ferro-alloys.com

  • Keywords:British Steel, Jingye Grou
[Fellow]British Steel was sold to China’s Jingye Group

[ferro-alloys.com]According to the British Broadcasting Corporation (BBC) reported on November 11, British Steel, the second largest steel company in the UK, will enter into an acquisition agreement with China’s Jingye Group, agreeing in principle with the Chinese private enterprise. Acquisition of British Steel for £70 million, which will hold up to 4,000 jobs in the UK.

The dedication of the dedication group to acquire the British Steel Group was welcomed by local councillors and union leaders. They hope that the acquisition will be successful, thereby maintaining 5,000 direct jobs and about 20,000 jobs in the industry chain.

  • [Editor:王可]

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