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France Opposed to Jingye Deal for British Steel- The 21st China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition
3/2/2020 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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France is threatening to block a rescue deal that would save British Steel from collapse. French finance minister Mr Bruno Le Maire has told Chancellor Sajid Javid he is opposed to selling British Steel to Chinese industrials firm Jingye Group. Mr Le Maire is opposed to handing over ownership of strategically important assets to Chinese firms. The French Government has the power to veto any sale of the French plant.
But Jingye is offering to buy British Steel in its entirety for about GBP 50 million and if the French vote down the offer it could scupper the entire rescue and leave the future of British Steel hanging in the balance once more.
The factory at Hayange, close to the French border with Luxembourg, supplies the French railway network, including state-owned train operator SNCF, and the French authorities have the ability to block the deal.
金属板材展-线材展-金属加工展-2020第二十一届广州国际金属板材、棒材、线材及金属加工设备展—全球三大金属展之一巨浪展览
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