Turkey’s biggest complementary pension fund OYAK has announced today, November 11, that its subsidiary Ataer Holding has finalized its review of British Steel under the exclusivity agreement which was signed in August this year, and that it has ended its talks over the acquisition of British Steel due to negative expectations about trade efficiency caused by the lack of support from shareholders.
Turkey’s biggest complementary pension fund OYAK has announced today, November 11, that its subsidiary Ataer Holding has finalized its review of British Steel under the exclusivity agreement which was signed in August this year, and that it has ended its talks over the acquisition of British Steel due to negative expectations about trade efficiency caused by the lack of support from shareholders.
As SteelOrbis reported earlier today, Chinese rebar producer Jingye Group is indicated in a BBC news report as having agreed in principle to buy British Steel.