Jingye Steel closes British Steel acquisition deal
2020-03-10 11:56:07 [Print]
This Monday, Jingye Steel announced that it finished acquiring assets of British Steel in the U
Li Huiming, CEO of Jingye Steel, said that the acquisition saved over 3,000 jobs and promised to invest over RMB9 billion (USD1.30 billion) to improve competitiveness and sustainable development capacity of British Steel.
. K . and Netherland . Located in Eastern England, British Steel, the second largest steel mills in the U . K . , went into liquidation in May 2019.
Li Huiming, CEO of Jingye Steel, said that the acquisition saved over 3,000 jobs and promised to invest over RMB9 billion (USD1.30 billion) to improve competitiveness and sustainable development capacity of British Steel.