BRITISH STEEL MAY BE SOLD TO TURKISH MILITARY PENSION FUND OYAK

摘要

The UK’s government is close to entering exclusive talks with a Turkish military pension fund OYAK about the sale of British Steel, with the aim to save more than 4,000 jobs and a steel mill in Scunthorpe, a local edition announces referring to a source, close to the subject.Three companies are reportedly bid for British Steel. However, two of them will likely be excluded soon. Particularly, several sources said the frontrunner is Ataer Holdings, owned by OYAK, which is also the largest shareholder in the Turkish steelmaker Erdemir, according to the source.