Chinese steel conglomerate Jingye Group has expressed interest in acquiring Tata Steel’s debt-ridden UK operations. According to media reports, the interest is still “tentative” and there is not a formal sale process. The major Chinese rebar and steel plate producer had acquired British Steel in 2019. Tata Steel has sought $1,165.46 mn from the UK government in exchange for 50% equity stake in the UK operations.
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