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China's Jingye Group completes buyout of British Steel
By Bizclik Editor
May 19, 2020
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Read the full article: https://bit.ly/33jbbdy Steelmaker Jingye Group has completed its buyout of British Steel, reviving a business that was placed into compulsory liquidation last May. A statement from Jingye said it had completed the acquisition of British Steel’s UK and Dutch assets from the official receiver and confirmed it planned to invest £1.2bn ($1.6bn) in the company.
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