Potential buyers approached to bid for troubled British Steel, UK Insolvency Service says

The UK’s Insolvency Service has made contact “with more than 80 potential trade purchasers” interested in buying troubled UK long steel producer British Steel, it said on Tuesday May 28.

Sixty of the potential bidders have been sent non-disclosure agreements, with official expressions of interest due by early June, the UK's Official Receiver, part of the UK’s Insolvency Service, said.
British Steel was placed into compulsory liquidation following an order from the UK high court on Wednesday May 22.

“Good progress...

Published

Viral Shah

May 28, 2019

17:12 GMT

London