International industrial and metals group Liberty House is reportedly in talks with the UK government to buy British Steel as the exclusivity period granted to a Turkish company nears its end this week.
As SteelOrbis previously reported, Ataer Holding owned by Turkish military pension fund OYAK had signed an exclusivity agreement in August to conduct a detailed financial, legal and operational review of British Steel for a period of two months. Ataer was expected to finalize the deal in November.
Subsequently, in early October China’s largest rebar producer Jingye was reported to have made a bid for British Steel as well.
British news outlet SkyNews said that Ataer offered between £60 million and £70 million to buy British Steel.