British Steel unit sold to France's Systra to save jobsChristian Fernsby ▼ | August 30, 2019
One of British Steel’s units, TSP Projects, has been sold to the UK subsidiary of French engineering group Systra, a move that will save over 400 jobs, Britain’s Official Receiver said on Friday.
Acquisition British Steel
Topics: British Steel Systra
British Steel, the country’s second-largest steel producer, fell into compulsory liquidation in May after Greybull Capital, which bought the firm for one pound from Tata Steel three years ago, failed to secure funding to continue its operations. ■