FT report: Ataer Holding plans to buy British Steel

Thursday, 08 August 2019 16:58:02 (GMT+3)   |   Istanbul

According to a media report by the Financial Times, Ataer Holding, an investment group owned by Turkey’s military investment fund Oyak which in turn holds a 49.3 percent share in Turkish steel producer Erdemir, is planning to buy the UK-based steelmaker British Steel. The report states that Liberty Steel is also among the bidders for the acquisition of British Steel, which declared bankruptcy in May this year, and that the winning bid is due to be announced within several days.

Erdemir had twice issued statements in July saying that it had no interest in buying British Steel, as SteelOrbis previously reported. 

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