Steelmaker collapsed earlier this year after last-ditch talks failed to secure full financial rescue. FMTNews ChinaJingyeGroup
BEIJING: China’s Jingye Group is in talks over a potential deal to buy British Steel, a company spokeswoman confirmed today, as the struggling industrial group seeks new owners.
Jingye’s spokeswoman confirmed to AFP the group’s chairman was in Britain for talks, but said she couldn’t give any update on how the discussions were going. China’s Hebei-based Jingye Group specialises in iron and steel, but has investments in tourism, hotels and real estate.The group is the latest to be linked to a rescue of the British steelmaker.
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