REIDsteel confirms backing for British Steel
British Steel are delighted to have received a pledge from REIDsteel, the leading international structural steel firm, to make British Steel its primary long-term supplier.
Jingye Group statement on agreement to acquire British Steel
Jingye Group, a leading Chinese steelmaker, is pleased to announce that it has exchanged contracts and reached an agreement to acquire certain assets of British Steel.
Update on sale of British Steel
The Official Receiver and Special Managers from EY can confirm that contracts have been entered into with Jingye Steel (UK) Ltd and Jingye Steel (UK) Holding Ltd (together, Jingye), to acquire certain assets of British Steel Limited.
Official Receiver continues sales talks with interested parties as exclusivity period ends
The period of exclusivity with Ataer Holding A.S. to complete the sale of British Steel and its subsidiaries ended on 24 October.
S J Woodward, R H Kelly and A M Hudson were appointed Special Managers of British Steel Limited by the High Court to help manage the affairs, business and property of British Steel Limited, without personal liability. The Special Managers, their firm, partners, employees, advisers, representatives and agents and the Official Receiver as liquidator shall incur no personal liability under, or by virtue of, this letter or email, nor in relation to any related matter or claim howsoever, whenever, and wherever arising, and whether such claim is formulated in contract and/or tort or by reference to any other remedy or right, and in whatever jurisdiction or forum. No liability (whether based in tort or contract or statute or otherwise) including, without limitation, any liability in connection with non-performance or breach or termination (whether by repudiation, disclaimer or otherwise), or any penalty or liability for liquidated damages, arising from actions or inactions of either the Official Receiver as liquidator or the Special Managers shall give rise to any liquidation expenses unless expressly accepted in writing. S J Woodward is licensed in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants in England and Wales, A M Hudson is licensed in the United Kingdom to act as an Insolvency Practitioner by The Insolvency Practitioners Association and R H Kelly is licensed in the United Kingdom to act as an Insolvency Practitioner by The Institute of Chartered Accountants of Scotland. The Special Managers may act as data controllers of personal data as defined by the General Data Protection Regulation 2016/679, depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Company may act as a data processor on the instructions of the Special Managers. Personal data will be kept secure and processed only for matters relating to the Special Managers appointment. The Office Holder Data Privacy Notice can be found at www.ey.com/uk/officeholderprivacy