WebNov 13, 2024 · European steel lobby Eurofer plans to raise concerns over Chinese group Jingye's proposed purchase of British Steel with the European Commission, saying the deal may flout rules on fair competition. WebNov 11, 2024 · British Steel is to be sold to the Chinese firm Jingye, the UK government has announced, in a deal that prevents the closure of the company’s Scunthorpe site and …
How strong are Britain and China
WebDec 30, 2024 · Jasper Jolly. British Steel sank to a loss of £140m last year, according to accounts that showed financial difficulties even after it was … WebOct 1, 2024 · The owners of British Steel have asked for a government bailout to save the jobs of thousands of steel workers in the north of England. Jingye Group, a Chinese company that bought Britain's second ... hrt topical equivalents
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WebJul 22, 2024 · China has been active in many high-profile acquisitions in the UK, resulting in billions of pounds flowing into Britain. In March, British Steel was taken over by China's Jingye Group in a move ... WebNov 14, 2024 · If the deal goes ahead, it will be the first takeover of steel mills in the EU by a Chinese company. On Monday, Jingye announced that a provisional deal had been reached to purchase British Steel, promising to sink £1.2-billion (€1.4-billion) in the beleaguered business over the next ten years. The proposed deal, which still needs … WebFeb 22, 2024 · The announcement comes as British Steel, owned by Chinese group Jingye since 2024, seeks financial support from the UK government. British Steel plans to cut up to 260 jobs in Britain after being hit by soaring energy costs, the Chinese-owned group announced Wednesday. The company said its energy costs last year increased by … hrttps://hsjw.celms.kr/manager.login.php