Chinese firm says it is happy to go ahead with sale despite delay in decision on Hayange
The Chinese firm buying British Steel promised “a new chapter in British steelmaking” as it edged towards the rescue of a company that has been funded by the government since it plunged into insolvency ten months ago.
Jingye, run by a former Communist party official, expects to complete the takeover next week, despite lingering uncertainty over whether France will permit the sale of one of British Steel’s most profitable assets, the Hayange plant in north-east France.
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