British Steel takeover by Turkish army pension fund at risk of collapse

The proposed takeover of steelmaker British Steel by a Turkish army pension fund is looking uncertain with the UK government indicating it is willing to open talks with other interested parties, the official receiver said.

Ataer Holdings, a division of Turkish army pension funk Oyak, had been in exclusive talks with the British government regarding the proposed takeover of the Scunthorpe-based steelmaker since August 16,...


Ross Yeo

October 24, 2019

10:54 GMT