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Turkish military pension fund to buy British Steel?

Discussion in 'Personal' started by blue451, Aug 16, 2019.

  1. blue451

    blue451 Lead commenter


    Turkey's military pension fund has entered into exclusive talks for the takeover of British Steel.
    Sky News first revealed that Ataer, a unit of Oyak which looks after the pension pots of Turkey's military personnel, had entered into exclusive talks with advisers to the government who have been running the auction of the ailing steelmaker on behalf of the Official Receiver.
  2. LondonCanary

    LondonCanary Lead commenter

    Best of luck to them. British Steel was sold by Tata for £1 in 2016.
  3. lanokia

    lanokia Star commenter

    Benefits of a globalised economy.

  4. blazer

    blazer Star commenter

    How big a sweetener is the Government putting in?
  5. LondonCanary

    LondonCanary Lead commenter

    Is there one?
  6. blue451

    blue451 Lead commenter

    British Steel, whose largest manufacturing site is in Scunthorpe, collapsed into insolvency in May after the government chose not to give £30m to the company under its then-owner, Greybull Capital.

    That's about 0,5% of what's been spent preparing for NoDeal.

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