China’s Jingye Group has fuelled hopes of a rescue deal for British Steel with plans to send a delegation to the second-biggest UK steelmaker’s main plant in Scunthorpe.
Hebei-based Jingye, which also owns hotels and a medicines business alongside its main steelmaking operations, is due to visit the Lincolnshire steelworks next week.
The renewed interest comes after Ataer Holding, an arm of the Turkish military pension fund, failed to agree on a takeover during their 10-week exclusivity period to pursue a deal.
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