Jingye clears another hurdle for British Steel takeover

Chinese steelmaker Hebei Jingye Group has moved a step closer to acquiring British Steel following an agreement made with the trade unions that could result in 500 job losses.

The proposals from Jingye on terms of employment now need to be agreed by British Steel staff following the negotiations by the various trade unions.

Other outstanding hurdles to the deal include Jingye reaching an agreement...

Published

Carrie Bone

January 24, 2020

14:58 GMT

London