Jingye Completes Buyout of British Steel

GALWAY, IRELAND--March 16, 2020--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--A deal to save British Steel Limited (BSL) (Scunthorpe, England) and more than 3,000 jobs has been completed with China's Jingye, which will invest £1.2 billion ($1.5 billion) to rescue the struggling company.

Within this article: Details purchase of company, investment value, assets and planned investment projects