Turkish Fund Talks Terms To Snap Up Struggling Steel

turkish steel


The Turkish pension fund poised to buy British Steel was accused of corruption by a parliamentary commission and jointly owns a car plant where striking workers were allegedly mistreated. One source complained that business secretary Andrea Leadsom and steel minister Nadhim Zahawi have both been on holiday at a crucial juncture for the future of British Steel. the government must do everything it can to secure the future of british steel to safeguard peoples jobs and their livelihoods but it appears that ministers have gone missing. Oyak is expected to be named the governments preferred bidder as soon as this week led by Indian born businessman Sanjeev Gupta. Turkish Oyak reaches initial deal to buy British SteelISTANBUL Anadolu AgencyThe pension fund of the Turkish Armed Forces has reached a preliminary agreement to acquire U. In line with its regional leadership target said the statement. The British fund was put on the market by the official authority this May due to financial woes. British Steel has production activities in the U. British Steel is set to be bought out of liquidation by Turkeys military pension fund after officials confirmed exclusive sale talks on Friday. The Official Receiver running the process said the sale process would conclude within weeks

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