Viewing entries tagged
british steel

British Steel: Jingye brings in PwC and McKinsey to close £50m deal

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British Steel: Jingye brings in PwC and McKinsey to close £50m deal

Prospective British Steel buyer Jingye has called in PwC and McKinsey to help finalise the company’s plans to close the deal.

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Chinese industrial giant poised to buy up British Steel for £70m

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Chinese industrial giant poised to buy up British Steel for £70m

A Chinese industrial giant founded by a former Communist party official could be announced as the buyer of British Steel within days, after staff were told in an email that contracts are due to be exchanged.

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