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British Steel in exclusive talks with Turkish pension fund to save 5,000 jobs

Video Credit: PA - Press Association STUDIO - Duration: 00:44s - Published
British Steel in exclusive talks with Turkish pension fund to save 5,000 jobs

British Steel in exclusive talks with Turkish pension fund to save 5,000 jobs

The investment division of Turkey’s armed forces pension fund is the preferred bidder for British Steel, the Government’s Insolvency Service has revealed.

Investment vehicle Ataer Holding will now be given several weeks to allow its advisers to comb through British Steel’s business before any deal is made official.

The Official Receiver has entered exclusive talks with Oyak, which controls Ataer, after revealing he received several approaches for the business.

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