23rd Jun 2019 13:37
(Alliance News) - FTSE 100-listed Evraz PLC is interested in buying part of British Steel, the Financial Times reported on Saturday, citing "people aware of the situation".
The Russian metal and mining group, whose biggest shareholder is Chelsea Football Club owner Roman Abramovich, is looking specifically at British Steel's business in France, which supplies rails for train lines, the FT reported "two people briefed on the matter" as saying.
British Steel collapsed into compulsory insolvency last month after the UK government rejected its request for a second bailout, putting 5,000 jobs at risk.
https://www.ft.com/content/01047476-942c-11e9-aea1-2b1d33ac3271
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