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Evraz Considering Buying French Part Of British Steel – Report

Steel News - Published on Tue, 25 Jun 2019

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Financial Times, citing people aware of the situation, reported that Evraz PLC is interested in buying part of British Steel. FT report said “The Russian metal and mining group, whose biggest shareholder is Chelsea Football Club owner Roman Abramovich, is looking specifically at British Steel's business in France, which supplies rails for train lines.”

British Steel collapsed into compulsory insolvency last month after the UK government rejected its request for a second bailout, putting 5,000 jobs at risk.

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Posted By : Ratan Singh on Tue, 25 Jun 2019
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