Recent events
Recent events tied to this brand in public sources.
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2020
Jingye completes purchase of British Steel UK and Netherlands assets
Jingye Group completed the purchase of British Steel’s UK and Netherlands assets from the Official Receiver. The transaction included the Scunthorpe steelworks, Teesside Beam Mill, Skinningrove mill, and subsidiary businesses FN Steel and TSP Engineering; it excluded the Hayange operations in France.
2019
Jingye confirms planned investment in British Steel
Jingye Group confirmed a plan to invest £1.2 billion in British Steel over the next 10 years. The source says the planned funds would be used to upgrade the factory and machinery.
2019
Jingye agrees in principle to acquire British Steel
Jingye Group had agreed in principle to acquire British Steel for £70 million, according to the report. The acquisition was not reported as completed.
2019
Jingye reaches preliminary agreement to acquire British Steel assets and business
China's Jingye Group and British Steel reached a preliminary agreement for Jingye to acquire British Steel's assets and business. The source describes the deal as preliminary and says government approvals and other steps remained before completion.