British Steel reports ‘encouraging levels of interest’ from potential buyers

Troubled UK long steel producer British Steel has reported “encouraging levels of interest” in the sale of the business after a number of bids were made before the June 30 deadline, the company said on July 5.

The bids were made to the UK Insolvency Service after the company went into compulsory liquidation in May.

British Steel said it was continuing to operate as normal even though the company is in liquidation, adding that the UK Official Receiver’s focus remains on finding...


Carrie Bone

July 09, 2019

13:14 GMT