Friday, August 9, 2019

Mystery bidder joins race to buy British Steel

Late interest from British and west African consortium follows news of talks with Turkish fund

A mystery bidder claims to have entered the fray to buy British Steel, days before a vehicle owned by the Turkish military pension fund was expected to enter exclusive talks with the government.

Sources familiar with the potential buyer said it was a consortium of British and west African investors with ties to the construction industry.

Related: British Steel: Turkish pension fund likely to be preferred bidder

What has gone wrong at British Steel?

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from Mergers and acquisitions | The Guardian https://ift.tt/2YBfBx3

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