British Steel set to be bought by Turkish army's pension fund

Credit: Independent- Published 1 week ago
The official receiver for British Steel has picked Turkey's military pension fund as a preferred buyer for the company, it has announced.

Credit: PA - Press Association STUDIO
Published 1 week ago -  00:44
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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